Government denies reports of levying GST on UPI transactions over Rs 2000

Quick Summary:

The government has refuted claims of imposing GST on UPI transactions exceeding ₹2,000, dismissing them as baseless.

The finance ministry clarified that GST applies only to charges like MDR, which are not levied on UPI.

UPI transactions have surged, reaching ₹260.56 lakh crore projected by March 2025.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaChadJordanPakistanSouth Africa

Topics: Unified Payments Interface Government denies GST proposal Digital payments in India GST on UPI transactions UPI transactions exceeding Rs 2000

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-18 @ 23:27:20 (20 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 585 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 27979784

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