06 August 2018

GST Council Announces Cashback For Digital Transactions

GST Council Announces Cashback For Digital Transactions


In the 29th meeting, GST council approves cash incentives to promote Digital transactions. Finance Minister Piyush Goyal announces 20%  Cashback upto Rs 100 for the Digital Transactions done via BHIM, Rupay or USSD mode.

The meeting was held in New Delhi. The meeting was chaired by Finance Minister Piyush Goyal. It was focused on the concerns and suggestions of the Micro, Small and Medium Enterprises. In the meeting, it was decided to create a sub-committee headed by MoS Finance Shiv Pratap Shukla for the Micro, Small and Medium Enterprises (MSME) sector.

Source- DD News


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