No Plan To Levy GST On UPI Transactions Over Rs 2,000: Finance Ministry

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 levied on charges, such as the Merchant Discount Rate (MDR), relating to payments made using certain instruments.