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.
Jan 16, 2023, 10:44 AM ISTBanks asked to refund charges collected for UPI, RuPay transactions after January 1
Banks are advised to immediately refund the charges collected, if any, on or after January 1, 2020.
Sep 01, 2020, 15:08 PM IST