GST not payable on govt incentive to banks for promoting RuPay card, low value BHIM-UPI transactions

Under the Incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions, the government pays banks an incentive as a percentage of the value of RuPay Debit card transactions and low-value BHIM-UPI transactions up to Rs 2,000.

from Economy-News-Economic Times https://ift.tt/L0zxXuy
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