GST Council announces cashback for Digital transactions

GST council approves cash incentives to promote Digital transactions. Finance Minister Piyush Goyal announces 20 per cent Cashback up to Rs 100 for the Digital Transactions done via BHIM, Rupay or USSD mode.

The GST Council meeting was held in the national capital on 04 August 2018. The meeting, chaired by Finance Minister Piyush Goyal, was focused on the concerns and suggestions of the Micro, Small and Medium Enterprises.

Briefing media after the 29th council meeting, Efforts made continuously to take steps to benefit MSME sector. The Finance Minister added that customers making payments using Rupay card and BHIM or USSD mode would get a cashback of 20% of the total GST amount, subject to a maximum limit of Rs 100.

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