Insertion of new section 271DB.

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..... section 269SU. 271DB.( 1) If a person who is required to provide facility for accepting payment through the prescribed electronic modes of payment referred to in section 269SU, fails to provide such facility, he shall be liable to pay, by way of penalty, a sum of five thousand rupees, for every day during which such failure continues: Provided that no suc .....

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..... roposed that the penalty shall not be imposable if the person proves that there were good and sufficient reasons for such failure. It is also proposed that any such penalty shall be imposed by the Joint Commissioner. This amendment will take effect from 1st November, 2019. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxat .....

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