CBIC vide notification 89/2020 – CGST, dt. 29.11.2020 has waived penalty for non-compliance with the requirement of QR code on B2C invoice issued by registered person having turnover above Rs. 500 crore.
The above waiver of penalty is for non compliance for period between 01.12.2020 to the 31.03.2021, subject to the condition that the said person complies with the provisions of the said notification from the 01.04.2021.
Thus, the penalty shall be waived only if all the compliances are made till 01.04.2021.
Also, the penalty mentioned in above notification is penalty u/s 125 of the CGST act which is a general penalty where the amount of penalty would extend upto Rs. 25,000.
To download full notification CLICK HERE.