Section 31A - Facility of digital payment by notified person to recipient
Contents
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Section/Rules/N/C/O |
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Purpose of Section 31A |
NA |
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Notified RP shall provide prescribed mode of digital payment to their vendor for payment |
Section 31A |
31A.0 Purpose of Section 31A
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Govt may require notified person to provide digital payment facility to vendor |
31A.1 Notified RP shall provide prescribed mode of digital payment to their vendor for payment
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The Government may prescribe a class of registered persons who shall provide prescribed modes of electronic payment to the recipient of supply of goods or services or both made by him and give option to such recipient to make payment accordingly, in such manner and subject to such conditions and restrictions, as may be prescribed. |
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Yet, government has not prescribed any class of RP to provide prescribed modes of digital payment to their vendor. |
[1] This section was inserted by Section 96 of THE FINANCE (NO. 2) ACT, 2019 dt. 01-08-2019 and made effective from 01-01-2020 by Notification No. 01/2020-Central Tax dt. 01-01-2020.
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