27th GST Meeting Highlights
In a bid to promote Digital Payments in India, the government is considering providing tax incentives for digital transactions. Two prices may be offered to the consumers. One will be with normal GST rates for purchases made through cash payment.
The other will be with concessional 2 percent G.S.T. rate which is subject to a ceiling of Rs 100 per transaction for making digital payments. Some direct tax benefit for undertaking digital payments under Goods and Services Tax may be offered to some businesses.
To Read About Digital Payments in India: Click here.