Cashless becomes more expensive with GST

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The Prime Minister had requested the public at large to go cashless which the majority did. After that he said that banks would not charge the 1 to 2% processing fee (which never came into being). After all what the Prime Minister wanted was some data on how much could be earned from the public in various forms and at the same time have plenty of time in getting the printed money to the public. Secondly, trying to do away with Black money or assist with simple storage of the same. By the introduction of the Rs.2000/- and not doing away with the Rs.500/- only goes to prove that we wanted to do and show something for the voters only. If removal of the Black money was really the issue then the highest denomination should have been Rs.100/- and that too with a new printed face. This government is the richest and talks in terms of transparency then why can't they declare how much they had collected at that the of demonetisation? more  

Mr. Ajay Kumar, I think it is applicable only if you buy opting for EMI, pay "minimum amount payable", withdraw cash and if your credit card is not life time free but you have to pay an annual fee. If you purcgase some thing through credit / debit cards / net banking worth say Rs. 100, you have to pay Rs. 100 only and not Rs. 118. more  

agreed.....however firstly we need to clean up the system - where is the tax money going which we have been paying to the government - can we first have a very robust system in place and then start taxing the citizens ..our entire infrastructure is in pits .....corruption still exists and many such incidents .......yes to me it matters more  

All of us are fully aware that cashless transactions is the only technologically viable option to prevent tax evasion, money laundering, arms, drugs, and human trafficking detection and avoidance by freezing such accounts and make the account holders punishable for the offenses after due scrutiny and verification. But cashless transactions require the use of mobile/smartphone, service provider for internet usage, and online banking transactions, all in one. Each one requires additional charge. Cash transactions do not have any such charge. But, the transactions can not be traced and hence all illegal work are possible without detection. In the interest of economy and security of the nation, cashless transactions is the most preferred option. Motivation for cashless transactions is possible only when all associated charges are minimized and brought close to zero for all small value transactions. The government has to take a very serious call on all such matters, if the fraction of nation's cashless transactions is to be raised very significantly. Else, it will remain only a dream not coming true. more