The GST Council is considering a proposal to impose an 18% GST on payment aggregators (PAs) like RazorPay and PayPal for transactions up to Rs 2,000 made via debit and credit cards.
Currently, these transactions are exempt from GST to encourage digital payments. If approved in the upcoming 54th GST Council meeting, small businesses relying on low-value transactions could face higher costs. While UPI transactions remain unaffected