INDIA: Do you know that there is a QR code requirement on invoices in India?

If you are a retailer, a POS software provider, a POS hardware manufacturer or just interest in fiscalization, what is your first thought when you hear that there are no fiscalization rules in a particular country? In the first place, it usually leads to the conclusion that there is a pretty wide range of flexibility when planning the development of the point-of-sale software functionalities. And usually, it is the right conclusion.

However, sometimes this flexibility is not limitless. That is exactly the case in India.

This country cannot be determined as one of the countries with predefined fiscalization requirements, but there is one very important restriction to this.

Did you know that certain taxpayers must generate a dynamic QR code to enable digital payments on all B2C invoices? The scanning of the dynamic QR code should allow the digital payment by the customer.

On the other hand, in case when there is a possibility of displaying the QR code to the customer prior to the generation of the invoice, allowing immediate payment, QR code can be omitted on the invoice itself, but then appropriate payment data in that regard need to be included on the invoice instead of the QR code.

Although QR codes are mandatory also on B2B invoices, there are important differences between these two QR code requirements. They refer to the type of the QR code, its content, its creator and others.

Are you interested in expanding your business to this big market?
If the answer is even a potential yes, feel free to contact JB Fiscal Consulting to be informed in a timely manner about all specifics you need to take into consideration to be certain that you are becoming or that you will remain compliant with Indian point-of-sale requirements.

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