20 percent GST cashback on transactions using RuPay and BHIM platforms, subject to a limit of Rs 100 per transaction
The GST Council in its 29th Meeting has approved digital incentives in the form of cashback of 20 per cent of GST paid on transactions using RuPay and BHIM platforms, subject to a limit of Rs 100 per transaction.
The meeting was held specially to discuss concerns and issues faced by micro, small and medium enterprises (MSMEs).
It has been decided to launch a pilot project under which users who make transactions through RuPay card, BHIM, Aadhaar, UPI, USSD can be given the incentives in the form of cash back. The pilot programme will be implemented in any state on a voluntary basis.official.
It is understood that Uttar Pradesh, Bihar, Maharashtra, Gujarat, Tamil Nadu and Assam have concurred to join the pilot project.