Electronic payment acceptance required where turnover threshold exceeded; businesses must offer prescribed electronic payment modes for tax compliance. Persons carrying on a business or profession whose total sales, turnover or gross receipts in the immediately preceding tax year exceed the specified threshold must provide facilities to accept payment through prescribed electronic modes in addition to any other electronic modes they already offer.
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Provisions expressly mentioned in the judgment/order text.
Electronic payment acceptance required where turnover threshold exceeded; businesses must offer prescribed electronic payment modes for tax compliance.
Persons carrying on a business or profession whose total sales, turnover or gross receipts in the immediately preceding tax year exceed the specified threshold must provide facilities to accept payment through prescribed electronic modes in addition to any other electronic modes they already offer.
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