GST Council meet: MSME in focus; cashback for digitalisation on pilot basis

GST incentives for digital payments via Rupay card and BHIM app will be rolled out on a pilot basis

The GST Council on Saturday cleared a proposal to offer cash backs to consumers on trial basis for digital payments through Rupay cards, BHIM app and UPI system to promote cashless transactions in rural and semi-urban areas.

Volunteer states would roll out incentives on pilot basis for digital payments, and the GSTN, the IT backbone of the GST network, and the National Payments Corporation of India will develop a system soon for the same, Finance Minister Piyush Goyal told reporters after the GST Council meeting.

Once implemented, customers making payments through Rupay card and BHIM UPI, would get a cash back of 20 per cent of