• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 114
    BJP 109
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 67
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

GST Council Meet: Cashback incentive to promote digital payment

By: | Published: August 4, 2018 7:06 PM

The Goods and Services Tax (GST) Council in its meeting on Saturday decided to start a pilot project to give 20 per cent cashback of the GST paid to incentivise digital payment in the country.

Finance Minister Piyush GoyaL, GST, GST COUNCIL, GST COUMCIL MEETINGFinance Minister Piyush Goyal (ANI)

The Goods and Services Tax (GST) Council in its meeting on Saturday decided to start a pilot project to give 20 per cent cashback of the GST paid to incentivise digital payment in the country.

“Under the project, consumers will get a 20 per cent cashback subject to cap of Rs 100 on all UPI and USSD transactions as well as transactions made using RuPay card and BHIM app,” Finance Minister Piyush Goyal said.

Although the decision on the pilot project has been taken, it will take some time for implementation as software for the purpose will have to be developed and the states will have to decide on it before the benefit reaches the people.

“We have decided the broad framework of the pilot project which is aimed at promoting digital transactions. We believe that this will help in increasing compliance and give a boost to the formal economy,” he said.

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