Rupay card, BHIM users to soon get cashbacks for digital payments under GST
The Sushil Modi-led ministerial panel today approved a proposal for incentivising digital payments through Rupay card and BHIM app by way of cashbacks . Once implemented, customers making payments using Rupay card or BHIM UPI will get a cashback of 20 per cent of the total GST amount, subject to a maximum of Rs 100
Incentivising digital payments through Rupay card and BHIM app by way of cashbacks will have a revenue impact of Rs 1,000 crore annually, to be shared equally between the Centre and states. Image source: Image source: Reuters