Promotion of digital payments: incentivising card and electronic transactions while mandating cashless collections and stronger consumer protections. Guidelines promoting non cash payments mandate strengthening acceptance infrastructure, rationalising Merchant Discount Rate and authentication rules, introducing tiered KYC and identity based eKYC, equipping government collection points with POS/mobile POS and a unified payments portal, mandating digital/cashless payments beyond set thresholds, and implementing consumer protection, fraud assurance and awareness measures to incentivise migration from cash to digital transactions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Promotion of digital payments: incentivising card and electronic transactions while mandating cashless collections and stronger consumer protections.
Guidelines promoting non cash payments mandate strengthening acceptance infrastructure, rationalising Merchant Discount Rate and authentication rules, introducing tiered KYC and identity based eKYC, equipping government collection points with POS/mobile POS and a unified payments portal, mandating digital/cashless payments beyond set thresholds, and implementing consumer protection, fraud assurance and awareness measures to incentivise migration from cash to digital transactions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
