Will GST Make Payments With Credit And Debit Cards More Expensive | Paisa Live

The GST Council is preparing to impose an 18% Goods and Services Tax (GST) on digital transactions up to ₹2,000 made with credit and debit cards in its upcoming meeting. Until now, transactions below ₹2,000 had been exempt from such charges. This move, targeting payment aggregators (PAs), is likely to increase the cost of small-value digital transactions for consumers. The new GST policy aims to streamline tax collection on digital payments but could lead to higher costs for everyday transactions. As the council finalizes this decision, both consumers and businesses will need to adjust to these potential changes in the cost structure of digital payments.