GST incentives for digital payments

GST council announced in the 29th meeting that the GST incentives for digital payments via RuPay card and BHIM app will be rolled out on a pilot basis. Finance Minister Piyush Goyal said that 20 percent cashback will also be available on digital payments through the BHIM app.

“To promote digital transaction, increase compliance and collection in taxes, RuPay Debit and UPI-based transaction will get cashback of 20 percent for the GST paid, capped at Rs 100. The GST Council has decided to create software for this and any state willing can implement on a pilot basis.