In the 29th meeting, GST council approves cash incentives to promote Digital transactions. Finance Minister Piyush Goyal announces.....Cashback upto Rs 100 for the Digital Transactions done via BHIM, Rupay or USSD mode.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

In the 29th meeting, GST council approves cash incentives to promote Digital transactions. Finance Minister Piyush Goyal announces____Cashback upto Rs 100 for the Digital Transactions done via BHIM, Rupay or USSD mode.

A	10%
B	25%
C	20%
D	15%

Explanation:

Detailed explanation-1: -finance minister Nirmala Sitharaman.

Detailed explanation-2: -The Union Finance Minister as the chairperson of the GST Council. The Union Minister of State in charge of revenue (finance) from the centre. A minister from each state who is either in charge of finance or taxation or has been nominated by the state to serve as a member of the GST Council.

Detailed explanation-3: -GST is not applicable on cash backs of credit card as it is neither fall under definition of goods nor services.

Detailed explanation-4: -The current Finance Minister Nirmala Sitaraman is the current chairman of the GST Council.

There is 1 question to complete.