Examples of Dynamic QR Code in a sentence
This Agreement shall be governed by and construed in accordance with the laws of England and Wales without regard to its conflict of laws provisions.
Compliance with the Dynamic QR Code requirements in certain cases: If the supplier has issued invoice having Dynamic QR Code for payment, the said invoice shall be deemed to have complied with Dynamic QR Code requirements.
G.S.R.602(E) published in Gazette of India dated 30th September, 2020, together with an explanatory memorandum seeking to amend notification 14/2020- Central Tax to extend the date of implementation of the Dynamic QR Code for B2C invoices till 01.12.2020.
The Client shall generate the Dynamic QR Code at its the store or shop (in the form of a physical decal provided by the Bank to the Client or capability provided by the Bank to the Client to generate the physical decal for installation) and/or for the Merchant QR Code to be dynamically generated on the Merchant Application which is valid for a single Transaction.
Parameters/ details are required to be captured in the Dynamic QR Code: Dynamic QR Code, inter-alia, shall contain the following information: -• Supplier GSTIN number• Supplier UPI ID• Payee’s Bank A/c number and IFSC• Invoice number & invoice date,• Total Invoice value and• GST amount along with breakup i.e. CGST, SGST, IGST, CESS, etc.Further, Dynamic QR Code should be such that it can be scanned to make a digital payment.IV.
Therefore, any invoice, issued to such person having a UIN, shall be considered as invoice issued for a B2C supply and shall be required to comply with the requirement of Dynamic QR Code.
The Customer scans the Dynamic QR Code from the Customer Application by clicking on the “Scan and Pay” or any similar option so provided by way of scan via the Merchant Application at its store or shop.
In cases other than pre-paid supply i.e. where payment is made after generation / issuance of invoice, the supplier shall provide Dynamic QR Code on the invoice.
Using any mode like UPI, credit/ debit cardor online banking or cash or combination of various modes of payment, with or without invoice, be considered as compliance of Dynamic QR Code on the invoice?using Dynamic QR Code, and the supplier provides a cross reference of the payment (transaction id along with date, time and amount of payment, mode of payment like UPI, Credit card, Debit card, online banking etc.) on the invoice ; orii.
Because it is possible to edit dynamic QR codes even after they have already been printed, this will offer BHA and food suppliers the flexibility to change the encoded content, website data, and even the function of a Dynamic QR Code at any time.