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BHIM-UPI
BHIM-UPI News
GST
16 Jan 2023
GST not payable on govt incentive to banks for promoting RuPay card
Last week, the cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards and low-value BHIM-UPI transactions in the current fiscal.
Income Tax
01 Sep 2020
Banks asked to refund charges collected for UPI, RuPay transaction after Jan 1
CBDT advised banks not to impose any charges on any future transactions carried out through these modes. Banks are advised to immediately refund the charges collected on or after January 1, 2020 CBDT had in December 2019 clarified that any charge shall not be applicable on or after January 1, 2020.
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