The Centre has proposed a two percentage point discount in the goods and services tax (GST) for consumers who make digital payments. The proposal is likely to be taken up in the next GST Council meeting in January. The move, if approved, will boost the government efforts to usher in a cashless economy. The incentive will be available to business-to-consumer (B2C) transactions for goods and services that face a GST rate of 3 per cent or more. The incentive will include a 1 per cent concession on the Central GST and another 1 per cent on the state GST.
23 Nov 2017
Govt plans GST sops for digital payments
Tags
# Digital India
# GST
# GSTNEWS
Share This
About Divyesh Gohel
GSTNEWS
Labels:
Digital India,
GST,
GSTNEWS
Subscribe to:
Post Comments (Atom)
Post Bottom Ad
Responsive Ads Here
Author Details
Tax Corner media is online news portal for the purpose of sharing valuable information about the Income Tax, Goods and Service Tax, Company Law, Digital India, Banking Sector, Accounting and Finance Services.
Our mission is to Simplify the Tax Laws and provide latest information to the all. If you have any knowledgeable information and want to share with us, we are happy to sharing here.
Thanks for Visit.
Admin : Divyesh Gohel
(Inter CA,M.com)
No comments:
Post a Comment