GST Cashback On Payment Done Via BHIM, RuPay To Be Tested

INSUBCONTINENT EXCLUSIVE:
The next meeting of the GST Council will be held on September 28-29 in Goa.New Delhi: States will roll out on pilot basis incentives for
digital transactions through RuPay card and BHIM app under the GST, Finance Minister Piyush Goyal said today
The GST Council, chaired by Goyal, in its meeting here today also decided to set up a Group of Ministers (GoM) under Minister of State of
Finance Shiv Pratap Shukla to look into the issues of the MSME sector
Simultaneously, the law and procedure related issues for the sector would be looked into by the law committee of Centre and state tax
digital transactions, Goyal said that these would be rolled out on trial basis by states who volunteer to do so
Bihar deputy chief minister Sushil Modi today approved the proposal for incentivising digital payments through RuPay card and BHIM app by
way of a cashback
Once implemented, customers making payments using RuPay card and BHIM UPI, would get a cashback of 20 per cent of the total GST amount,
subject to a maximum limit of Rs 100
The next meeting of the GST Council will be held on September 28-29 in Goa.