B2B Transactions

Corporates With Over Rs 50 Cr Turnover is Exempted From Electronic Payments for B2B Transactions

"It is clarified that the provisions of Section 269SU of the Act shall not be applicable to a specified person having only B2B transactions (i.E. No transaction with retail customer/consumer) if at least 95 per cent of the aggregate of all amounts received during the previous year, including the amount received for sales, turnover or gross receipts, are by any mode other than cash," the CBDT said in a circular.