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Draft Proposals for Facilitating Electronic Transactions

Draft Proposals for Facilitating Electronic Transactions
Start Date :
Jun 16, 2015
Last Date :
Jun 29, 2015
17:00 PM IST (GMT +5.30 Hrs)
Submission Closed

The Finance Minister in his budget speech for the Union Budget 2015-16 made the following announcement: ...

The Finance Minister in his budget speech for the Union Budget 2015-16 made the following announcement:
“One way to curb the flow of black money is to discourage transactions in cash. Now that a majority of Indians has or can have, a RUPAY debit card. I therefore, proposes to introduce soon several measure that will incentivize credit or debit card transactions and disincentivize cash transaction”.
Accordingly, draft proposals for facilitating electronic transactions (E-transactions) have been prepared. Comments and views are invited on the Draft Proposals.
Draft Proposals For Facilitating Electronic Transactions (The Proposals placed below are only at the draft stage and are being placed here to obtain public opinion. The proposals as they stand at this stage, do not imply any commitment from the government)
The last date to share your views is 29 June, 2015 by 5:00 p.m.

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Showing 1250 Submission(s)
Arun Kumar Agarwal
Arun Kumar Agarwal 11 years 4 weeks ago
Dear PM Sir, Good Day, Payments by Debit/ Credit card should be compulsory n it should attract any serice tax and or surcharge. Small shopkeepers add 1 or 2% rxtrs if payment is made by card. This should not be the case. Cash transactions should not be above Rs 20,000/- and this too with PAN. This should apply to all donations to political parties also. Slowly slowly currency notes of 1000 n 500 can be removed from circulation.
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Tejas Vyas
Tejas Vyas 11 years 4 weeks ago
If there is PAN India coverage under this scheme government can make good tax collection. Create a single window authority for handling card misuse and quick issue resolution PAN India. Reduce the transaction rates charged to merchandiser. Make the settlement system backbone strong to handle large scale processing. Create a standards for billing across all types of trade.
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Rakesh J Shukla
Rakesh J Shukla 11 years 4 weeks ago
Debates are on major channels for e-payment to the max and some tax incentive to both user and merchant will be offered. Very good move. Together, govt must ensure that all govt. body must stop charging customer like me the charges being charged by gateway operator. Major / all private player bear this cost, where as all government establishment take charges. Person like me who does most of the transactions either by credit card or net banking, issue cheque for payment to gas bill / LIC premium
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Amit Papriwal
Amit Papriwal 11 years 4 weeks ago
Very good proposal, as it will encourage people to make transactions in white and will reduce black money. It will rather increase revenue in form of more tax payers
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Om Prakash Bhardwaj
Om Prakash Bhardwaj 11 years 4 weeks ago
• • Income-tax rebate in respect of payments through electronic means will result in loss of revenue without commensurate benefit; complicate tax computation; and determination of the amount eligible for tax rebate will lead to controversies resulting in litigation. • Many persons do not use credit card in some establishments for fear of misuse. • Payment by account payee cheques should be encouraged.
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Kaustav Samanta
Kaustav Samanta 11 years 4 weeks ago
Dear PM sir ,please make sure that the credit card/Debit card transaction for any kind of purchase(e.g Petrol,Gold,Paying LIC premium or shopping at a Grocery shop)will be Service Tax/Surcharge free. Because presently most of the cases like insurance premium paying via Credit/Debit Card levied some extra charges beyond the original premium of the policy.More over most the small shops having POS levied some extra charges below some certain level of transaction amount.
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MADAN MOHAN GARG
MADAN MOHAN GARG 11 years 4 weeks ago
DEAR P.M Mr. MODI, reduce limit of cash transaction up to Rs. 200000/-and ensure that each financial transaction should be traced with PAN and AADHAR. all political parties and NGO who are generating black money in india shoud be enquired so honest tax payer coud get relief and tax evaders can be termed to jail.
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KALIM MANIAR
KALIM MANIAR 11 years 4 weeks ago
This is a very a good initiative and should be taken by the government immediately. It will definitely help to curb the problem of black money. More e-transaction giving the public relaxation in taxes is just a fabulous idea. Less cash transactions will put check on black money. Government should also force this in lower segments.
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