Mandatory electronic payment acceptance required for high turnover businesses; must provide RuPay debit and UPI payment options. Where a person carries on a business and their total sales, turnover, or gross receipts in the immediately preceding previous year exceed the specified ... Summary
Mandatory electronic payment acceptance required for high turnover businesses; must provide RuPay debit and UPI payment options.
Where a person carries on a business and their total sales, turnover, or gross receipts in the immediately preceding previous year exceed the specified turnover threshold, there is a mandatory facility to accept payment through specified electronic modes: debit card powered by RuPay, Unified Payments Interface (UPI), and UPI Quick Response Code (UPI QR Code).
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