US EditionNo GST on UPI transactions over ₹2,000, clarifies government
- The government clarified that it is not considering levying GST on UPI transactions over ₹2,000, stating the claims are false and misleading.
- UPI transaction values have increased significantly, from ₹21.3 lakh crore in FY 2019-20 to ₹260.56 lakh crore by March 2025.
- The government supports UPI growth through an Incentive Scheme, which paid ₹3,631 crore in 2023-24 to promote digital payments.
- India accounted for 49% of global real-time transactions in 2023, highlighting its leadership in digital payments innovation.
28 Articles
28 Articles
The Siasat Daily
No plan to levy GST on UPI transactions over Rs 2,000: Govt
New Delhi: The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and Services Tax (GST) on UPI transactions over Rs 2,000. “The claims that the Government is considering levying Goods and Services Tax (GST) on UPI transactions over Rs 2,000 are completely false, misleading, and without any basis. Currently, there is no such proposal before the Government,” the Finance Ministry said. GST is…
GST on UPI transactions over Rs 2,000? Here's what government said
The government on Friday rejected the claims that it is planning to levy Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions above Rs 2000. "There is no such proposal under consideration," the government clarified in an official press release. The Finance Ministry said the claims are "completely false, misleading, and without any basis." The government had to issue a clarification because several reports and social me…
GST on UPI Payments: Centre Not Considering Any Proposal To Levy GST on UPI Transactions Over INR 2,000, Clarifies Finance Ministry
The government on Friday clarified that it is not mulling to levy GST on UPI transactions above INR 2,000. Clarifying on reports, which said that the government is considering levying Goods and Services Tax (GST) on UPI transactions over INR 2,000, the finance ministry said they are completely false, misleading, and without any basis. GST on UPI Payments: Centre Not Considering Any Proposal To Levy GST on UPI Transactions Over INR 2,000, Clarifi…
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