Banks Propose Rs 1 Crore GST Slab to Ease Compliance and Boost Digital Payments

Last updated: 13 August 2025

The Department of Financial Services (DFS) has initiated consultations with banks, the Reserve Bank of India (RBI), and the National Payments Corporation of India (NPCI) on whether GST slab for mandatory registration and return filing needs revision. According to banking sources, some lenders have p

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