States to test GST cashback for payments via Rupay, BHIM app: Piyush Goyal
New Delhi, Aug 4: States will roll out on pilot basis incentives for digital transactions through Rupay card and BHIM app under the GST, Finance Minister Piyush Goyal said on Saturday.
The 29th Goods and Services Tax council meeting headed by Union Finance Minister Piyush Goyal was held at Vigyan Bhawan. The issues related to small businessmen and retailers were discussed.
The GST council has decided to form a sub-committee under the leadership of Shiv Pratap Shukla, Minister of State for Finance. Delhi Minister Manish Sisodia, Finance Minister of Punjab and Finance Minister of Kerala will be a part of this committee.
Finance Minister Piyush Goyal, said, "Law Committee will take decisions related to law. Fitment Committee will take decisions related to rates."
With regard to incentives for digital transactions, Goyal said that these would be rolled out on trial basis by states who volunteer to do so.
"Based on the pilot, we can asses the revenue gain or loss," Goyal told reporters after the GST Council meeting.
( With PTI inputs)