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BHIM, Rupay users to get 20% Cashback: GST Council

Posted on 06 August 2018,    
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Finance Minister Piyush Goyal chairs the Goods and Services Tax (GST) Council meeting in New Delhi

Finance Minister Piyush Goyal is chairing the Goods and Services Tax (GST) Council meeting in New Delhi today. The meeting will discuss the concerns and suggestions of the Micro, Small and Medium Enterprises, among other issues. 

The 29th meeting of the Council is also likely to discuss the recommendations of the Group of Ministers, headed by Bihar Deputy Chief Minister Sushil Kumar Modi, which approved a proposal yesterday for incentivising digital payments through Rupay card and BHIM app by way of cash backs. 

Once implemented, customers making payments using Rupay card or BHIM UPI will get a cashback of 20 per cent of the total GST amount, subject to a maximum of 100 rupees. 

The Bihar Deputy Chief Minister said the move is intended to encourage the use of a digital mode of payment, especially in semi-urban and rural areas. In its last meeting, the Council had reduced the tax rates on over 80 items and exempted sanitary napkins, rakhis, stone, marble, wooden deities and Saal leaves from GST.

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