GST on card payments: Why Budget 2022 must remove this tax on tax provision
When you make a digital payment to a merchant, using a card, the merchant usually incurs a facilitation charge which is a small portion of the value of the transaction. So, if you are paying by say credit card for buying medicines, the chemist needs to pay a small amount of the transaction value to the credit card network, in order to receive the payment. This amount actually is not just the cost…