GST on UPI transactions

No plan for GST on 2,000+ UPI payments: Govt – Times of India

alishpagda08@gmail.com2 months ago01 mins

NEW DELHI: Govt on Friday clarified that it is not considering to levy GST on UPI transactions above Rs 2,000. Clarifying on reports, which said govt is considering levying GST on UPI transactions over Rs 2,000, the finance ministry said they are false, misleading, and without any basis.GST is levied on charges, such as Merchant…

GST on UPI transactions: Government denies reports of levying GST on UPI transactions over Rs 2000 | India-Business News – Times of India

alishpagda08@gmail.com2 months ago03 mins

The government on Friday denied reports suggesting GST levying on UPI transactions exceeding Rs 2,000, calling such claims “completely false, misleading, and without any basis.”In an official statement, the finance ministry said, “Currently, there is no such proposal before the government,” dismissing concerns that had surfaced earlier.The ministry also clarifyed the tax framework, explaining that…