GST on UPI transactions above Rs 2,000: Government issues clarification

The government has refuted claims of imposing GST on UPI transactions exceeding Rs 2,000, clarifying that no such proposal exists. GST applies to charges like MDR, which was eliminated for P2M UPI transactions in 2020. To promote digital payments, an incentive scheme targeting low-value UPI transactions has been operational since FY 2021-22, reflecting India's leadership in real-time transactions.

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