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PREPAID INSTRUMENTS AND GST
Is GST payable on gift card, voucher purchase? Govt clarifiesIn the electronic commerce space, vouchers have become a widely used tool to enhance customer engagement, drive sales, and optimize loyalty...- Business correspondents urge RBI to ease domestic transfer limits and rulesBusiness correspondents have requested the RBI to double the monthly transfer limit to ₹50,000 and reduce two-factor authentication to once...
- India considers exempting gift vouchers from GST; Council to discuss key issuesThe GST Council is contemplating exempting gift vouchers from GST and reducing tax rates on insurance premiums. They are also considering a...
- Gift vouchers won't attract GST, clarifies CouncilThe GST Council declared that voucher transactions will not be subject to GST, providing relief to retailers. This decision clarifies that ...
- GST Council meeting begins: Tax rate on electric cars, food delivery apps and flavoured popcorn on cardsThe 55th GST Council meeting in Jaisalmer deliberated on tax relief for insurance, increasing the tax rate on used EVs to 18%, clarifying t...
- FASTag, NPS, credit card, debit card, insurance rule changes: Major money changes from April 1Money rule changes in April: Let's see major financial changes and new norms that will come into effect from April 1, 2024. Changes include...
- FM Nirmala Sitharaman tells regulators to meet fintechs, startups every monthFinance Minister Nirmala Sitharaman met representatives from the fintech industry on Monday to hear their concerns in the wake of the centr...
- Fintech unicorn Slice to merge with a small finance bank; Karnataka doubles down on gaming GSTCredit card and payments unicorn Slice is all set for its banking foray as it prepares to merge with North East Small Finance Bank (NESFB).
- This PSU bank waives service charges for up to 3 doorstep banking services; check detailsCanara Bank has waived service charges waived for up to 3 doorstep banking services during the campaign for all senior citizens.
- Form 26AS: 4 new things that your tax passbook will now showIn May 2020, the government notified the new format of Form 26AS. The new format of tax passbook will show information related to mutual fu...
- Latest doorstep banking charges: SBI vs ICICI Bank vs HDFC Bank vs Canara BankSome banks apply charges for doorstep banking services while some banks offer free for senior citizens. Here is quick comparison of doorste...
- These PSU bank customers can submit Form 15/H through doorstep banking for freeYou can submit Form 15G/H in a number of ways, including online, offline, via SMS, and now through doorstep banking for Canara Bank members...
- To pay or not to pay: High Court decides on the levy of GST on vouchersThe ever-growing demand of vouchers is being satiated by companies who procure vouchers from their issuers and supply them to buyers. Till ...
- The fallout from China’s tech-tonic shiftTop executives, startup founders and CEOs of Indian internet firms including Flipkart, Paytm, Oyo Hotels & Homes, Ola, Zomato, Swiggy, Make...
- Tide partners with Transcorp to roll-out RuPay powered expense card for MSMEsTide will offer payment services to small businesses across India, starting with a Tide Business Account, accompanied by a Tide Expense Car...
- SBI's revised IMPS charges with effect from Feb 1IMPS is a popular payment service provided by banks to allow real-time inter-bank fund transfer which is available 24 X 7 including on Sund...
- View: e-RUPI will ensure leak-proof DBT delivery, bridge dividesUsing financial technologies to revolutionise the life of the common man is an ambitious project of the PM. He has been encouraging startup...
- Blockchain: India is headed for a fintech revolution this yearAs India moves towards a less-cash economy after the remonetising of high-value currency notes in November 2016, digital payments are estim...
- RBI papers confirm a distinct shift to financial savings from physical savingsThe weakness in real estate activity and moderation in housing prices have also slowed down investment in physical savings and help channel...
- need2know: Six macro triggers that may matter for market todayAn all-inclusive universal social security cover will be available soon for over 45 crore workers in the country, covering all potential ri...
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