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BENGALURU UPI TAX
Digital arrest: How India’s fastest-growing scam uses fake investigations and video calls to siphon off croresThey pose as the police, put you under ‘digital arrest’, and tether you to a video call till your savings are gone. How India’s fastest gro...- Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
- Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.
- Karnataka witnesses 5-fold jump in GST tax evasion at Rs 39,577 cr in FY25Central GST officers in Karnataka uncovered a significant surge in tax evasion, detecting Rs 39,577 crore in the 2024-25 fiscal year. This ...
- UPI at a crossroads? Deep unease in the informal sector as tax axe fallsIndia's UPI system, despite its global success, faces backlash as small vendors receive GST notices based on digital transaction data. This...
- GST notice: CM resolves crisis; offers to forego tax arrears if merchants get GST registrationSatisfied with the assurance, various associations of small traders called off a statewide bandh planned for July 25. The CM told the offic...
- GST notices based on UPI transaction: Traders on warpath, official calls action properTraders in Karnataka are upset about GST notices linked to UPI transactions. They are planning a strike on July 25. Tax official Meera Sure...
- Bengaluru street vendors seek GST relaxation after receiving notices for UPI transactions crossing 40 lakh turnoverSmall vendors in Karnataka are facing distress due to GST notices for UPI transactions exceeding ₹40 lakh annually. The Karnataka Pradesh S...
- How Rs 10 – 20 payments sparked a Rs 29 lakh GST storm: Cash vs UPI, BJP vs Cong and taxpayers vs non-payers in KarnatakaGST notice to vegetable vendor: A Karnataka vegetable vendor's ₹29 lakh GST notice over UPI transactions has sparked widespread protests am...
- Bengaluru street vendors threaten three-day protest against GST notices on UPI paymentsMilk and milk-based products will not be sold on July 23 and 24, even as small traders will conduct business wearing a black badge. Per dep...
- Karnataka: Small vegetable vendor receives GST notice of RS 29 lakhA vegetable seller in Karnataka received a hefty GST notice of Rs 29 lakh, despite dealing primarily in fresh, untaxed produce. This has fu...
- Unexpected taxes: Are small merchants in India rejecting UPI due to GST overreach?Small merchants in India are rejecting UPI payments. They prefer cash due to GST concerns. The govt uses UPI data to levy GST. Merchants fe...
- Karnataka CM to engage commercial taxes dept as GST notices scare small biz away from UPIThe public outcry arising from the GST notices has resulted in scores of businessmen in Bengaluru and outside going back to cash transactio...
- 'No UPI, only cash in Bengaluru': Why small vendors in Indian IT capital are saying no to online transactionsBengaluru witnesses a shift back to cash transactions as small vendors remove QR codes due to GST concerns and tax notices. Facing scrutiny...
- Cash may return as king as small vendors shun UPIIn Bengaluru, many small vendors are ditching UPI payments and opting for cash after receiving GST notices. Fearing tax scrutiny and possib...
- Taxmen catch Bengaluru restaurants using multiple QR codes to evade GSTA team of about 50 officials from the Commercial Taxes department’s vigilance and enforcement (south zone) wings raided the business premis...
- Commercial Taxes dept detects use of multiple QR codes by hoteliers to evade taxThe vigilance wing of the Commercial Taxes department in Bengaluru has uncovered hoteliers using 30 QR codes to evade taxes and suppress ac...
- CoinSwitch Kuber temporarily disables rupee deposits amid regulatory fluxAfter Coinbase, CoinSwitch Kuber temporarily disables UPI and other deposit options on its mobile app
- NPCI clears GST sops for UPI QR code paymentsDuring the meeting, it was suggested that this can be implemented in the first phase with merchants and then with customers, which should f...
- NPCI may ask banks not to charge for payments made through UPIHDFC Bank said that UPI-based payments up to Rs 25K will be charged Rs 3 plus service tax and above Rs 25K to Rs 1L will be charged Rs 5 al...
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