The Central Board of Direct Taxes, has exempted firms with a turnover of how much & engaged in business-to-business transactions, from the requirement of accepting payments only by e-payments using debit cards powered by RuPay or BHIM-UPI?

The Central Board of Direct Taxes, has exempted firms with a turnover

1.	The Central Board of Direct Taxes, has exempted firms with a turnover of how much & engaged in business-to-business transactions, from the requirement of accepting payments only by e-payments using debit cards powered by RuPay or BHIM-UPI?
Answer» In a bid to boost digital transactions and move towards a less-cash economy, the Central Board of Direct Taxes , a statutory authority functioning under the Department of Revenue in the Ministry of Finance, has exempted firms with a turnover of over 50 crore & engaged in business-to-business transactions, from the requirement of accepting payments only by e-payments facilities using debit cards powered by RuPay or BHIM-UPI.