FM Piyush Goyal also said that GST incentives for digital payments via Rupay card and BHIM app will be rolled out on pilot basis.
In the 29th GST Council meet, interim finance minister Piyush Goyal on Saturday informed that the issues related to small businessmen and retailers were discussed. He said that a group of ministers has been formed that will look after the GST related issues of the MSME sector. The group will be headed by minister of state for finance Shiv Pratap Shukla.
"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 & Finance Minister of Kerala will be a part of this committee", he informed.
In another announcement, FM Piyush Goyal also said that GST incentives for digital payments via Rupay card and BHIM app will be rolled out on pilot basis.
On Friday, the Sushil Modi-led ministerial panel had 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.
Sushil Modi had said the move to provide cashback to users of Rupay and BHIM is intended to encourage use of digital mode of payment, especially in semi-urban and rural areas.
The Council had in its meeting on July 21 tasked the GoM to work out modalities for incentivising digital payments under Goods and Services Tax (GST) for users of Rupay and BHIM.
All Jan-Dhan account holders have Rupay cards, which has been launched by the National Payments Corporation of India (NPCI).
BHIM, a mobile app developed by NPCI, is based on United Payment Interface (UPI) for cashless payments.
The GoM had last month decided to defer by a year the proposal to incentivise digital payments under GST citing revenue implications of doling out concessional tax rate.
At that time, the GoM was looking at incentivising digital payments using all modes of online payments.
However, the GST Council, chaired by Union Finance Minister Piyush Goyal, at its latest meeting on July 21, asked the GoM to have a re-look at the possibility of early introduction of concessions for digital payments.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "PNB scam: Indian mission submits Nirav Modi extradition request to UK authorities")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}