GST Decision: Sitharaman announces exemption for payment aggregators processing transactions below Rs 2,000

GST Decision: Sitharaman announces exemption for payment aggregators processing transactions below Rs 2,000



Finance Minister Nirmala Sitharaman on Saturday provided a significant relief to payment aggregators. While announcing the decision of the 55th GST Council Meeting, she said that payment aggregators who do less than Rs 2,000 transcation are eligible for exemption.

However, it does not include payment gateways and fintech services.

More to come.

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