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Card payments up to ₹2,000: GST exemption covers aggregators

CBICIn effect

By Clarifee teamAnnounced Last checked

CBIC clarified that the GST exemption for settling card payments up to ₹2,000 applies to RBI-regulated payment aggregators. It covers only the settlement service, not payment gateway (technology) services.

What it means for you

On card payments up to ₹2,000 the settlement fee may be GST-free, but gateway technology fees still carry GST.

Official sources

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