Small businesses should be cautious with online receipts via UPI, Gpay, BHIM, PayTm, etc.
If the amount exceeds ₹20/40 lakhs and you don’t have GST number, you may face GST and penalties.
GST authorities are issuing non-compliance notices to small businesses.
Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.