Why has CBDT again exempted select firms from electronic payment acceptance?

CBDT exempted businesses with more than Rs.50 crore sales revenues in only B2B businesses from the requirement of accepting payments only by electronic modes like RuPay or BHIM-UPI. It may be recollected that to promote digital transactions, the government inserted Section 269SU, in the Finance Act, 2019, requiring a person carrying on business and having gross receipts from business of more than Rs.50 crore must mandatorily provide facilities for online payments. In the light of the COVID-19 situation and due to the current business crunch, the CBDT has withdrawn the circular.