Dynamic QR code for B2C Smart E-Invoicing

Dynamic QR code for B2C Smart E-Invoicing

Who does not like Quick Response? Well, many businesses are investing in the best strategies to ensure a better experience for the users.

Did you know that there is a 433% increase in the number of global users of QR codes? It is high time to invest in the best free dynamic QR code generator.

All businesses today face a challenge in creating and sharing invoice documents. It is an important element that must be highly accurate and easy to manage.

Let’s give you some hidden insights about using dynamic QR codes in e-invoicing.

What is an invoice?

The document is shared with the buyer from the seller to collect payments. It will have information about the products purchased by the buyer. They are considered legal records as they contain the seller's name, customer, description, terms of payment, and pricing of the goods or services.

What is an e-invoice?

It is the process of converting paper invoices and notes into an electronic process. The main purpose is to exchange and process the invoices, credit, and debit notes in a structured electronic format between the Buyer and Consumer from an electronic medium.

What is a dynamic QR code?

They include a short URL embedded in the coding that will redirect the user to a landing page. The best benefit is that the destination URL can be changed even after the QR code is generated, where the short URL remains the same.

The image of the Dynamic QR Code is easier to scan as the image is less dense. The owner can add passwords, track scans, and know the type of devices used.

What is a QR code in an e-invoice?

This barcode is used to store and represent information after the users scan it. The best part of using Einvoice for B2C transactions is that it is easier and quicker to scan on digital devices. Some information that a dynamic QR code for e-invoice includes is: ● ● ● ● ● ● ● ● ●

GSTIN of the supplier Invoice number of the supplier GSTIN of the recipient or name for B2C invoices Invoice date Invoice value Number of line items HSN code for main items Payment reference link in case of B2C invoices Unique Invoice Reference Number

Many businesses already use QR codes in tax invoices for exports and suppliers, B2C e-invoices, debit notes, and credit notes.

How to generate QR code for B2C invoices?

1. Invoice Generation Create the invoice with the billing system in the SCHEMA format as mentioned in GSTN. There are approximately 20 compulsory fields in the e-invoice that should be handled efficiently.

2. Generate IRN The Invoice Reference Number is generated using the hash code.

3. Upload invoices on IRP The Invoice Registration Portal will validate the uploaded invoices of the IRN. For the invoices that do not have IRNs, the IRP will generate IRN and QR codes after validation. It is important to convert the invoices into JSON files, as this is the only format accepted.

4. Authentication, Generation of QR code, and Signing After successfully validating the e-invoice, you can redirect to the Best Free Dynamic QR Code Generator to get the QR code for the e-invoice. IRP will generate a unique IRN which will be signed digitally.

5. Backend Process Many users are confused about how to ` the QR code on invoice. It is easier to download the JSON of the validated e-invoice and convert it into any format that can be printed easily. When you generate dynamic QR codes, sharing and accessing the e-invoice for your B2C business will be easier.

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