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GST not payable on govt incentive to banks for promoting RuPay card, low value BHIM-UPI transactions - Vimarsana News

GST not payable on govt incentive to banks for promoting RuPay card, low value BHIM-UPI transactions

Last week, the cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards and low-value BHIM-UPI transactions in the current fiscal.

Source: india.com
GST not payable on Govt incentive to banks for promoting RuPay card, low value BHIM-UPI transactions - Jammu Kashmir Latest News | Tourism - Vimarsana News

GST not payable on Govt incentive to banks for promoting RuPay card, low value BHIM-UPI transactions - Jammu Kashmir Latest News | Tourism

NEW DELHI, Jan 15:Incentives paid by the Government to banks for promoting RuPay debit cards and low-value BHIM-UPI transactions will not attract GST, the Finance Ministry said. Last week the Cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards and low-value BHIM-UPI transactions in the current fiscal. Under the Incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions, the government pays banks an incentive as a percentage of the value of […]

Sensex, Nifty May Rally After Ending Flat in a Choppy Week - Vimarsana News

Sensex, Nifty May Rally After Ending Flat in a Choppy Week

The major indices opened higher this week and closed flat at the end of the week.

Indices ended flat amid high volatility - Wednesday Closing Report - Vimarsana News

Indices ended flat amid high volatility - Wednesday Closing Report

Sensex slipped 9.98 points and Nifty ended below 17,900. On the Bombay Stock Exchange (BSE), 1866 stocks advanced

Business News | PM Jan Dhan Yojana Completes 8 Years; Here's Some of the Milestones Achieved - Vimarsana News

Business News | PM Jan Dhan Yojana Completes 8 Years; Here's Some of the Milestones Achieved

Get latest articles and stories on Business at LatestLY. Prime Minister Narendra Modi government's flagship financial inclusion program Pradhan Mantri Jan Dhan Yojana has completed its eighth year and a lot of intended goals were achieved in this period. Business News | PM Jan Dhan Yojana Completes 8 Years; Here's Some of the Milestones Achieved.