Last Updated : Jan 24 2019 10:17AM     Screen Reader Access
News Highlights
PM Modi says BJP takes decisions democratically            President Kovind calls upon NRIs to contribute to development of New India            Cabinet decides to strengthen NE autonomous councils            Nation remembers Netaji Subhash Chandra Bose on his birth anniversary            India win first ODI against New Zealand at Napier           

National News

Aug 04, 2018
8:43PM

GST Council to offer cashbacks to poor sections of society for making digital payments : FM Piyush Goyal

PIB
Finance Minister Piyush Goyal today said the GST Council has approved a proposal to offer cashbacks to the poor sections of society for making digital payments through Rupay Debit card, BHIM, Aadhaar, UPI and USSD.

Briefing media after the 29th meeting of the GST Council in New Delhi, the Finance Minister said volunteer states would roll out incentives on a pilot basis for digital payments. Once implemented, customers would get a cash back of 20 per cent of the total GST amount, subject to a maximum limit of 100 rupees. 

Mr Goyal said that issues related to small businessmen and retailers were discussed today. He informed that a group of ministers, headed by Minister of State for Finance Shiv Pratap Shukla, has been formed to look into GST related issues of Micro, Small and Medium Enterprises, MSME sector. 

The Finance Minister said the council has decided to form sub committees under the leadership of Minister of State for Finance, Shiv Pratap Shukla to look after issues concerning MSME sector. Mr Goyal said the Law Committee will take decisions related to law and procedures and Fitment Committee will take decisions related to rates. 

The Minister said the recommendations made by the two panels will be further considered by the Group of Ministers which will be finally taken up for discussion by the GST Council.

   Related News

Live Twitter Feed

Listen News

Morning News 24 (Jan) Midday News 23 (Jan) News at Nine 23 (Jan) Hourly 24 (Jan) (1005hrs)
समाचार प्रभात 24 (Jan) दोपहर समाचार 23 (Jan) समाचार संध्या 23 (Jan) प्रति घंटा समाचार 24 (Jan) (1000hrs)
Khabarnama (Mor) 24 (Jan) Khabrein(Day) 23 (Jan) Khabrein(Eve) 23 (Jan)
Aaj Savere 24 (Jan) Parikrama 23 (Jan) Lok Ruchi Samachar 20 (Jan)

Listen Programs

Market Mantra 23 (Jan) Samayki 23 (Jan) Sports Scan 23 (Jan) Spotlight/News Analysis 23 (Jan)
    Public Speak

    Country wide 17 (Jan) Surkhiyon Mein 17 (Jan) Charcha Ka Vishai Ha 23 (Jan) Vaad-Samvaad 22 (Jan) Money Talk 22 (Jan) Current Affairs 18 (Jan)