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of <h1>Businesses with over Rs 50 crore turnover must offer prescribed electronic payment modes alongside any existing electronic options</h1> Every person carrying on business whose total sales, turnover or gross receipts in the immediately preceding previous year exceed fifty crore rupees must provide facilities to accept payments through prescribed electronic modes, in addition to any other electronic payment facilities already offered. This statutory requirement mandates availability of specified electronic payment options once the prescribed turnover threshold is crossed.
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