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RE: Karnataka Small vendors going back to cash from UPI

in LeoFinance6 days ago (edited)

What if cash receipts were made mandatory for small transactions, and what if consumers started asking for such receipts? UPI is indeed a great innovation. However, to make it willingly acceptable among business communities, the government needs to revisit the tax regime. Nobody wants to pay tax willingly, but then again, it has to be just and reasonable.

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Mostly this is done by street vendors and they don't give receipts. I think there again they will try to avoid giving receipts.