Section 271DB — the law in short
What the courts have decided on section 271DB, in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.
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CBDT Circular 32/2019
CBDT Circulars & InstructionsHelps departmentSuperseded by amendment
My turnover crossed Rs. 50 crore. Must I offer UPI and RuPay, and what does it cost me if I don't?
Yes, from 1 January 2020. A business whose turnover, sales or gross receipts exceeded Rs. 50 crore in the preceding previous year must provide three facilities under s.269SU: RuPay debit card, BHIM-UPI and UPI QR code. Section 271DB charges Rs. 5,000 for each day of default, and after the grace period the count runs from 1 February 2020.
Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.