A Rose by Any Other Name ? ( 23 April 2022 )

 A Rose by Any Other Name ? ( 23 April 2022 )

 https://lnkd.in/d3GT9xQ2

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STEP # 2
 
Ø  All other PRIVATE brand Mobile Wallets ( Paytm / MobiQuick / ItzCash / FreeCharge etc ), must be integrated with UPI, so that the sale / purchase TRANSACTION DATA generated through use of such private mobile wallets too gets integrated into the COMMON database of the Income Tax department
 
 
 STEP # 3
 
Ø  All Card-Swipe / PoS machines must be UPI / AEPS compliant, so that all sale / purchase TRANSACTION DATA generated through use of all CREDIT / DEBIT cards, too gets integrated into that COMMON database of IT
 
 
 STEP # 4
 
Ø  All sale / purchase transactions by all other Electronic Fund Transfer Network ( EFTN ), too must be also transmitted / deposited , into this COMMON DATABASE of TRANSACTIONS
 
 
 IN NUT-SHELL :
 
Ø  All sale / purchase transactions of any kind ( goods or services ) , MUST all get into a COMMON / CENTRAL database , through introduction of a UTI ( Unified Transaction Interface )
 
 
   UPI + UTI = " Less Cash " + " Less Evasion " + " Less Black "
 
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