GST: Ministerial panel favours deferment of sops for digital payments; want reverse charge mechanism removed

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To incentivise digital transactions, the GST Council in its last meeting in May had discussed giving a concession of 2% in GST rate (where the tax rate is 3% or more) to consumers making payment through cheque or digital mode.

from Latest News India on Firstpost https://ift.tt/2m5jGUO
Press Trust of India

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