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of <h1>Businesses Exceeding Rs. 50 Crores in Sales Must Offer Electronic Payment Modes, B2B Transactions Largely Exempt Per Section 269SU.</h1> Section 269SU of the Income-tax Act, 1961 mandates businesses with sales exceeding Rs. 50 Crores to offer payment facilities via specific electronic modes, such as RuPay Debit Cards and UPI. This requirement primarily targets B2C businesses. Concerns were raised about its applicability to B2B businesses, which typically use other electronic payment methods for large transactions. To address this, it is clarified that businesses engaged solely in B2B transactions, with at least 95% of receipts via non-cash methods, are exempt from this requirement, alleviating administrative burdens and additional costs.
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