Failure to provide prescribed electronic payment facility can attract penalty under Section 271DB when turnover threshold is exceeded. Penalty under Section 271DB is triggered when a person carrying on business whose total sales, turnover or gross receipts in the immediately preceding ... Summary
Failure to provide prescribed electronic payment facility can attract penalty under Section 271DB when turnover threshold is exceeded.
Penalty under Section 271DB is triggered when a person carrying on business whose total sales, turnover or gross receipts in the immediately preceding previous year exceed Rs. 50 crores fails to provide the facility to accept payments by the prescribed electronic modes specified in Section 269SU.
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