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No Service Tax on Debit, Credit Card Transactions Up to Rs 2,000

The decision comes amidst Prime Minister Modi’s call for a cashless economy.

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  • To promote cashless payments, the government has decided to waive off service tax on debit and credit transactions of up to Rs 2,000.
  • The decision comes amidst Prime Minister Modi’s call for a cashless economy.
  • Many have derided this and have said that it is not possible for India to go completely cashless.

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