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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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