Narendra Modi govt to offer discounts, cashback to you for digital transactions? Find out
The proposal also seeks to provide cashback benefits, which is being termed as tax credit, to businesses. Businesses can get a cashback based on the quantum of turnover through the digital mode. Sources close to the development informed Zee Business that the proposal that seeks to encourage digital transactions across India will be placed before the GST Council that is supposed to meet on May 4, 2018.
Narendra Modi government is working on a proposal that seeks to provide incentives on digital transactions by providing a 2 per cent discount over the maximum retail price (MRP), to consumers who are paying through the digital mode. Image source: PTI