In this post, we’ll talk about QR code in an e-invoice, its purpose, applicability and verification. Where we will take a close look at each section in detail:
The term “QR code” stands for quick response code. It is possible to store and display data using Quick Response (QR) codes. A QR code has many benefits over a typical barcode, including the ability to be rapidly and readily scanned by many digital devices, including most Android and iOS smartphones and tablets.
The e-invoicing system will use QR Codes to provide quick access to invoice information without relying on external sources. In this way, we would be able to fulfil the following needs:
Quick Response (QR) codes are matrix barcodes, generally known as two-dimensional barcodes, that are optical labels that are readable by machines using IRN scanners. It contains information about the product to which it is related, just like a sample e-invoice with QR Code.
The Invoice Registration Portal (IRP) sends the QR code with the e-Invoice under e-Invoicing so that users can use the IRN code scanner to verify the data in the invoice. The taxpayer can print the QR code on the invoice copy by using the online E invoice QR code scanning code, which is in Base64 format.
A JSON file of the invoice is uploaded to the Invoice Registration Portal (IRP) to generate an Invoice Reference Number (IRN). However, after the generation of IRN, the IRP assigns a specific digital signature and QR Code to the JSON file.
Note:
From 2017-18, if a supplier’s aggregate turnover exceeds Rs.500 crore, they need to display a dynamic QR code on their B2C invoices.
The Supplier should make available the cross-reference of the payment made through a dynamic QR code displayed on a digital display.
Customers, vendors, and taxpayers can all scan the QR code. Additionally, by using this number, the tax officers can verify the invoice’s information and ensure that the IRP has received and approved the invoice in a proper manner. Using the offline app provided on the IRP, the QR code can be verified.
The QR code consists of important invoice parameters like:
This post about QR codes in an e-invoice has come to a conclusion. Share your views and valuable opinions with us in the comment section below