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    Question

    Incentives paid by the government to banks for promoting RuPay debit cards and low-value BHIM-UPI transactions will not attract _______.

    A GST Correct Answer Incorrect Answer
    B Income Tax Correct Answer Incorrect Answer
    C Bank Revenue Correct Answer Incorrect Answer
    D Primary Revenue Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Incentives paid by the government to banks for promoting RuPay debit cards and low-value BHIM-UPI transactions will not attract GST, the Finance Ministry said.

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