GST Exemption Clarification for Payment Gateways and Aggregators Expected Soon

GST Exemption Clarification for Payment Gateways and Aggregators Expected Soon The government is expected to soon release a clarification regarding the GST exemption status for payment gateways and aggregators. This clarification is particularly relevant for businesses using these platforms to process transactions. Payment gateways and aggregators play a significant role in the e-commerce ecosystem by facilitating payments between consumers and merchants. The GST exemption status will affect the tax liabilities and compliance obligations of these entities. The clarification is eagerly awaited by stakeholders in the fintech and e-commerce industries, as it will provide clarity on how GST is applicable to their operations.