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