GST Council likely to clarify on 18% GST on payment aggregators' gateway fees for cards transactions up to Rs 2,000
India’s GST Council is expected to clarify at its September 9 meeting on whether GST of 18 percent should be levied on digital payments of less than Rs 2,000 made through payment aggregators such as Pine Labs and Razorpay, CNBC-TV18 reported, citing sources. Payment aggregators, who see digital payments such as QR scanning, PoS machine, and net banking, are exempt from GST on transactions below Rs 2,000. A final decision will be taken by the GST Council on the recommendation of the rate fitment committee, the report added. Read here
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RuPay, Visa or MasterCard? From September 6, you'll have the power to choose your credit card network
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DLAI to launch fraud repository platform for fintechs amid growing cybersecurity concerns
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