New rule - offer digital pmt or face penalty
Any business that has a turnover above 50Cr has to accept RuPay Card and UPI payments. Not doing so after 31st January will lead to a penalty of ₹5000 per day. more
Viewed by 2011
View all 12 comments Below 12 comments
Why above 50Cr, and not 1.00 Cr? How many commoners are have direct dealings with firms having turnover of Rs. 50Cr. and above? more
Feb 16
Agreed with V N. All businesses should be compelled to use digital route only. However the limit of ₹10 Lakhs seems to be low. There are many shops in small towns where the digitalisation has not penetrated fully and people still use cash. The shops with ₹10 Lakhs turnover will be patronized by people from lower financial stratum who still prefer tha cash mode. The limit therefore may be raised to 25~30 Lakhs. more
Jan 23
Also, Government should remove the convenience charges on e-transactions such as Railway booking. Then other private businesses should also be asked to remove such charges (PVR Cinemas)...... more
Jan 23
