GST not payable on Govt incentive to banks for promoting low value BHIM-UPI transactions

Last updated: 16 January 2023

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 transaction

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