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GST Fitment Committee proposes 18% tax on payment aggregator transactions under INR 2,000.
The GST Fitment Committee is considering an 18% tax on payment aggregators for transactions under INR 2,000, which are currently exempt.
This move could increase costs for small businesses that rely on low-value transactions, while high-value transactions may remain unaffected.
The decision, discussed at the upcoming GST Council meeting, reflects a shift in how PAs are viewed as intermediaries for card-based transactions.
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El Comité de Ajuste de la GST propone un impuesto del 18% sobre las transacciones de agregador de pagos con un importe de 2.000 INR.