Saturday, May 12th, 2018

 

Up to Rs 100 GST discount on digital payments plan

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The five-member GST committee led by Sushil Modi has put the proposal to offer discount up to Rs 100 on applicable GST for the cheque and digital payments in all B2C transactions on hold until the next meeting as some members raised concerns on using the GST as a tool to incentivise digital transactions, CNBC-TV18 reported quoting sources. Sushil Modi said that one more meeting is required to calculate the loss and gains of incentivising the digital transactions. The revenue loss could be up to Rs 25,000 crore, the news channelRead More