💨 Abstract

The Finance Ministry has clarified that claims of the government considering GST on UPI transactions over Rs 2,000 are false. As of now, no MDR is charged on UPI transactions, hence no GST is applicable. The government is committed to promoting digital payments via UPI and has an incentive scheme to support low-value UPI transactions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖