Digital transaction facility has been started to ease the transaction process of the people. But a shocking news has come out in this regard in which a GST notice has been sent to a Pani Puri vendor after excessive transactions. The annual income of this Pani puri vendor is around Rs 40 lakh, the information of which is obtained from UPI transaction.
notice is going viral on social media
A post to this incident is becoming increasingly viral on social media. Actually, Pani Puri vendors are kept in the informal sector from whom tax is generally not taken provided that they do not cross a certain limit of income, but due to digital payment, they have details of their transactions and it is possible to find out that they have How much income is being generated? In such a situation, it is obvious that if a person's income is Rs 40 lakh, then he will have to pay tax.
Some people also say that this shows that digital payments will have such an impact on small scale businesses that they will bring these businesses into the formal economy.
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