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of <h1>Businesses and professions with over Rs.50 crore turnover must add prescribed electronic payment options; rules to follow</h1> Every person carrying on business or profession with total sales, turnover or gross receipts exceeding Rs.50 crore in the immediately preceding tax year must provide facilities to accept payments through electronic modes prescribed by rule, in addition to any electronic modes already offered. The enacted Section clarifies inclusion of 'profession' alongside 'business' and uses 'as may be prescribed,' evidencing delegation to subordinate rules for mode specifications; the earlier Bill language was substantively similar but less explicit on 'profession.' Operational details-specific prescribed modes, technical standards, aggregation rules, exemptions, penalties and commencement-are absent and await rulemaking.
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