Two percent rebate in digital transaction !
Saturday - May 5, 2018 12:16 pm ,
Category : WTN SPECIAL
Two percent rebate in digital transaction.
MAY 05(WTN) - You can get two percent discount in digital transactions in the coming time. According to news reports after the meeting of the GST council held in Delhi on Friday, the states have decided to give two percent discount to the customers who have made digital transactions. If this happens, any rebate of Rs.100 in any digital transaction can be easily given to the consumers.
Two percent discount to common consumers.
According to the information, GST Council has decided to give two percent discount to common consumers who have made digital transactions as well as industrialists will also be given cash back when they will do digital transactions. This cash back will be given on the company's turnover basis.
GST council had taken decision.
According to the information, how to encourage digital transactions, there are three ways discussed in the council meeting. In addition to cash back, there has also been a proposal to provide tax credits on turnover from digital transactions. However, the revenue department has given consent on this proposal or not this is yet to clear.
A group of five ministers to finalize decision.
A group of five ministers has been constituted to finalize these decisions. This group will consider all aspects and will discuss the results by talking to the revenue department. According to the report, most states favor that if all payments are made in digital or in check form, then it is necessary to give two per cent discount. Finance Minister Arun Jaitley says that the intention of the government is to increase digital transactions across the country so that both the public and the government can get benefit. He said that the government is considering two per cent rebate on digital transactions.
MAY 05(WTN) - You can get two percent discount in digital transactions in the coming time. According to news reports after the meeting of the GST council held in Delhi on Friday, the states have decided to give two percent discount to the customers who have made digital transactions. If this happens, any rebate of Rs.100 in any digital transaction can be easily given to the consumers.
Two percent discount to common consumers.
According to the information, GST Council has decided to give two percent discount to common consumers who have made digital transactions as well as industrialists will also be given cash back when they will do digital transactions. This cash back will be given on the company's turnover basis.
GST council had taken decision.
According to the information, how to encourage digital transactions, there are three ways discussed in the council meeting. In addition to cash back, there has also been a proposal to provide tax credits on turnover from digital transactions. However, the revenue department has given consent on this proposal or not this is yet to clear.
A group of five ministers to finalize decision.
A group of five ministers has been constituted to finalize these decisions. This group will consider all aspects and will discuss the results by talking to the revenue department. According to the report, most states favor that if all payments are made in digital or in check form, then it is necessary to give two per cent discount. Finance Minister Arun Jaitley says that the intention of the government is to increase digital transactions across the country so that both the public and the government can get benefit. He said that the government is considering two per cent rebate on digital transactions.
