Press Information Bureau
Government of India
08-December-2016 19:55 IST
Government waives service tax charged while making payments through
credit card, debit card, charge card or any other payment card; waiver
limited to payments up to Rs. 2,000 in a single transaction
When a customer uses a credit card, debit card, charge card or any other
payment card for payment of his purchase of goods or services, the
merchant/service establishment is charged certain merchant discount rate
(MDR) by credit card or debit card issuing banks. With a view to
promote digital transactions and encourage merchant establishments to
accept such card payments, Government has waived service tax on such
amount charged while making payments though credit card, debit card,
charge card or any other payment card. However, this waiver is limited
to payments upto two thousand rupees only (Rs.2000) in a single
transaction.
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