UPI transactions above Rs 2,000 to attract 18% GST? Here's what government has to say

Amid reports that the government is considering levying Goods and Services Tax (GST) on UPI (Unified Payments Interface) transactions over Rs 2,000, the Ministry of Finance has issued a clarification and stated that these claims are "completely false, misleading, and without any basis." The ministry also said that GST is levied on charges, such as the Merchant Discount Rate (MDR), relating to payments made using certain instruments.

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