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GST on card payments below Rs 2,000 to push small merchants more towards UPI

Payment Aggregators do not see any big impact, though the possible retrospective application is a cause of concern as their margins tend to be 0.04-0.05 percent and this could hurt their profitability

September 10, 2024 / 13:28 IST
GST Council Meeting proposal regarding introducing GST on small digital payments.
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