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The Ministry of Finance has clarified that the Government of India is not considering any proposal to levy GST on UPI transactions above Rs 2,000, quelling recent speculation over potential taxation of digital payments. In a written response to an Unstarred Question (No. 240) raised by Shri Anil Kumar Yadav Mandadi in the Rajya Sabha on July 22, 2025, Minister of State for Finance Shri Pankaj Chaudhary stated that there has been no such recommendation from the GST Council. No GST Council Rec
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FAQ :
No, the Ministry of Finance has confirmed that the government is not considering any proposal to levy GST on UPI transactions above Rs 2,000.
No, the Minister of State for Finance stated that there has been no such recommendation from the GST Council.
The clarification addresses recent speculation and public concerns about potential taxation on digital payments, which could deter users and impact the fintech ecosystem.
The government remains committed to promoting digital transactions, including UPI, as part of its roadmap for financial inclusion and a digital economy.
Yes, the government reiterates its commitment to maintaining zero charges on UPI for users, aligning with its goal of boosting digital payments.
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