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 https://www.taxtmi.com/news?id=41383 Claims that GST will be levied on UPI transactions are unfounded; no such proposal exists. GST applies to charges like the Merchant Discount Rate (MDR), and the CBDT removed MDR for Person to Merchant UPI transactions effective January 2020. Because no MDR is currently charged on UPI transactions, GST is not applicable. The Government supports UPI through an Incentive Scheme for low value P2M transactions, with disclosed allocations confirming ongoing policy support. en-us Sat, 19 Apr 2025 09:49:31 +0530 Sat, 19 Apr 2025 09:49:30 +0530 TaxTMI RSS Generator 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 https://www.taxtmi.com/news?id=41383 Claims that GST will be levied on UPI transactions are unfounded; no such proposal exists. GST applies to charges like the Merchant Discount Rate (MDR), and the CBDT removed MDR for Person to Merchant UPI transactions effective January 2020. Because no MDR is currently charged on UPI transactions, GST is not applicable. The Government supports UPI through an Incentive Scheme for low value P2M transactions, with disclosed allocations confirming ongoing policy support. News - Sat, 19 Apr 2025 09:49:31 +0530 https://www.taxtmi.com/news?id=41383