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Delhi Finance Minister Atishi Opposes Centre’s Proposal to Impose GST on Payment Gateway Transactions and Research Grants

Delhi Finance Minister Atishi Takes Firm Stand Against Centre’s Proposal to Impose GST on Payment Gateway Transactions Below Rs 2,000

In a press briefing on Sunday, Delhi Finance Minister Atishi announced the Aam Aadmi Party (AAP) government’s strong opposition to the Centre’s proposal to impose GST on payment gateway transactions below Rs 2,000 and research grants. The contentious plan is set to be discussed at the GST Council meeting on Monday, raising concerns for small businesses and startups.

Atishi highlighted the potential negative impact of the proposed tax on the entrepreneurial ecosystem, warning that it could stifle the growth of small businesses. She criticized the central government’s contradictory stance, noting that while it promotes a cashless economy, the new tax proposal would burden small transactions that were previously exempt.

The AAP government’s firm stance against the GST proposal reflects their commitment to supporting small businesses and fostering a conducive environment for startups. Stay tuned for updates on the outcome of the GST Council meeting and the implications of this controversial tax proposal.

(With inputs from agencies.)