Commercial Taxes dept urges traders not to stop receiving payments through UPI

Commercial Taxes dept urges traders not to stop receiving payments through UPI

Commercial Taxes dept urges traders not to stop receiving payments through UPI

Karnataka GST Dept Clarifies Registration and Tax Rules for Suppliers

Karnataka GST Dept Clarifies Registration and Tax Rules for Suppliers The GST Department of Karnataka has recently issued a press note for the suppliers receiving payment online by UPI, POS machines, and other non-cash methods. Earlier, the department had issued a press note about the taxpayers who were operating businesses without having a GST Number. […]

GST Crackdown Targets 60,000 Unregistered Businesses Using UPI Trail

State GST departments in at least 6-7 states have issued notices to nearly 60,000 unregistered businesses found operating outside the tax net despite crossing the mandatory turnover threshold.In addition to Karnataka, the GST department of Gujarat, Tamil Nadu, Andhra Pradesh asked unregistered businesses to cough up taxes running in lakhs.The businesses under scrutiny are primarily in the business-to-consumer (B2C) segment, such as ice cream par…

Karnataka GST crackdown explained: What UPI really reveals and why cash only won’t help - BusinessToday

The crackdown is based on data collected from UPI and other digital payment platforms between FY 2021–22 and FY 2024–25.

Bengaluru vendors ditch UPI, opt for cash to escape GST scrutiny

Bengaluru, July 18: In a surprising turn for India's tech-savvy city, a growing number of small vendors in Bengaluru are removing UPI QR codes and insisting on cash payments to avoid tax scrutiny. Shopkeepers and street vendors have begun displaying signs reading “No UPI, Only Cash,” driven by fear of receiving Goods and Services Tax (GST) notices linked to digital transaction trails.This shift reflects rising concerns among unregistered traders…