Electronic payment acceptance requirement compels businesses above specified turnover to provide prescribed electronic payment modes. Every person carrying on business whose total sales, turnover or gross receipts in the immediately preceding previous year exceed fifty crore rupees must ... Summary
Electronic payment acceptance requirement compels businesses above specified turnover to provide prescribed electronic payment modes.
Every person carrying on business whose total sales, turnover or gross receipts in the immediately preceding previous year exceed fifty crore rupees must provide facility for accepting payment through prescribed electronic modes, in addition to any other electronic modes being provided by such person; this obligation takes effect from 1 November 2019.
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