Dis­count on GST for dig­i­tal pay­ments

India Business Journal - - NEWS ROUND-UP -

States will roll out in­cen­tives on the Goods and Ser­vices Tax (GST) for dig­i­tal trans­ac­tions done through Ru­pay card and BHIM app on a pi­lot ba­sis. A min­is­te­rial panel, headed by Bi­har Deputy Chief Min­is­ter Sushil Modi, has ap­proved the pro­posal for in­cen­tivis­ing dig­i­tal pay­ments through Ru­pay card and BHIM app by way of a cash-back pro­vi­sion. Once im­ple­mented, cus­tomers mak­ing pay­ments us­ing Ru­pay card and BHIM UPI will get a dis­count of 20 per cent of the to­tal GST amount, sub­ject to a max­i­mum limit of Rs 100.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.