GST on UPI payments: The finance ministry termed the reports ‘completely false, misleading, and without any basis', strongly denying the claims of levying GST over UPI transactions above ₹2,000.

As the Goods and Services Tax (GST) marks eight years since its rollout, PwC India has called for key reforms, including a simplified three-rate structure and the phased inclusion of petroleum ...

Online gaming platforms should be taxed on their transaction value instead of the total prize pool, argued GamesKraft lawyer Rakesh Dwivedi in front of the Supreme Court on May 9.

Government has issued a clarification on the speculations doing rounds that GST will be applicable on UPI transactions above Rs 2,000. In a PIB release, the ministry of finance said that the ...

India Global Leader In Digital Payments Innovation UPI transaction values have seen an exponential increase, growing from Rs 21.3 lakh crore in FY 2019-20 to Rs 260.56 lakh crore by March 2025.

Centre Clarifies 'No GST' On UPI Transactions Above Rs 2,000 Effective January 2020, the Central Board of Direct Taxes (CBDT) has removed the MDR on person-to-merchant (P2M) UPI transactions.

It issued a post on X and stated, "Claims that Government is considering levying Goods and Services Tax #GST on #UPI transactions over Rs 2,000 are completely false, misleading, and without any basis.

This scheme targets low-value UPI (P2M) transactions, benefiting small merchants by alleviating transaction costs and promoting wider participation and innovation in digital payments. 2023-24, the ...

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.

UPI continues to play a pivotal role in India’s digital economy, witnessing a steep rise in transaction value—from Rs 21.3 lakh crore in FY 2019-20 to a staggering Rs 260.56 lakh crore by ...

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, said the Ministry of ...