Goa to become first Cashless State in India w.e.f 31st dec 2016 : Goa Govt issued Notification

By | December 4, 2016
(Last Updated On: December 4, 2016)

GOVERNMENT OF GOA

Department of Finance Office of the Commissioner of Commercial Taxes

Trade Circular – 1 of 2016-17

No. CCT/12-19/2015-16/4274

Sub.:- Appeal for encouraging cashless transactions.

Goa is likely to become the first State in India to go for cashless transactions from December 31. Even though cash transactions are not being banned, it is in the interest of the State to encourage cashless transactions.

Government of Goa has decided to take the next step of enabling cashless transactions for various receipts and payments being done in the course of day to day business and market related transactions including domestic and commercial purposes.

In this regard, an appeal is made to the manufacturers, retailers, wholesalers, dealers and other members of the trade, to encourage cashless transactions by making use of other available modes of payment/cash transfers like Point of Sale Machines, QR code recognition and payment devices, Swipe card enabled payment systems etc. A system of transferring money over mobile phone (which need not be smart phone) would also be introduced in the recent future. Banks are also requested to create awareness regarding the ease of doing cashless transactions.

All the dealers/hoteliers/proprietors registered under the Goa Value Added Tax Act, 2005; The Central Sales Tax Act, 1956; The Goa Tax on Entry of Goods Act, 2000; The Goa Entertainment Tax Act, 1964 and The Goa Tax on Luxuries Act, 1988 are hereby called upon to ensure that the cashless available modes of payments as stated above are made available at their respective place of business within 10 days from the date of issue of this Circular.

The Commercial Tax Officers in-charge of each Ward shall visit the business places of dealers and verify compliance of above and submit a consolidated compliance report to the undersigned within a fortnight.

Dipak M. Bandekar, Commissioner of Commercial Taxes.

Panaji,

30th November, 2016.

Download Gazetted Notification 

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