Quick Summary
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 Ku
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
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.
CAclubindia
