GST Council meet: Shiv Pratap Shukla to lead committee on MSMEs issues

Pilot scheme to test feasibility of cashback on digital payment

The Goods and Services Tax (GST) Council on Saturday set up a six-member committee under Minister of State for Finance Shiv Pratap Shukla to look into the problems of micro, small and medium enterprises (MSMEs). 

The Council also decided to test the feasibility of its proposal to offer cashbacks for digital payments, after some states voiced concerns about such a move impacting their revenues. Once implemented, customers making payments through Rupay cards and BHIM-UPI will get a cashback of 20 per cent of the GST amount, subject to a maximum limit of Rs 100.

“The pilot (scheme) will run in the volunteer