Government Clarifies No GST on UPI Transactions Above ₹2,000:
The Finance Ministry of India has categorically denied any plans to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions over ₹2,000. The Ministry termed such claims as false, baseless, and misleading. Reinforcing the government’s commitment to promoting digital payments, the clarification emphasizes that no MDR (Merchant Discount Rate) is charged on person-to-merchant (P2M) UPI transactions, and thus no GST applies to such transactions either
