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 transaction are eligib...

By ET Online | Updated: Dec 23, 2024, 12.44 PM IST

55th GST Council Meeting: Food Delivery, EVs, Luxury Watches see major rate changes

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 transaction are eligible for exemption.

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

More to come.

In Video: 55th GST Council Meeting: Food Delivery, EVs, Luxury Watches see major rate changes

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