No GST on UPI transactions over ₹2,000, clarifies government

No plan to levy GST on UPI transactions over Rs 2,000: Govt

New Delhi: 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. “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. Currently, there is no such proposal before the Government,” the Finance Ministry said. GST is…

No GST on UPI transactions over ₹2,000, clarifies government

No GST on UPI transactions over ₹2,000: Finance Ministry says reports that said that the government is considering such move are completely false, misleading, and without any basis.

GST on UPI transactions over Rs 2,000? Here's what government said

The government on Friday rejected the claims that it is planning to levy Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions above Rs 2000. "There is no such proposal under consideration," the government clarified in an official press release. The Finance Ministry said the claims are "completely false, misleading, and without any basis."   The government had to issue a clarification because several reports and social me…

No Plan To Levy GST On UPI Transactions Over Rs 2,000: Finance Ministry

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.

GST on UPI Payments: Centre Not Considering Any Proposal To Levy GST on UPI Transactions Over INR 2,000, Clarifies Finance Ministry

The government on Friday clarified that it is not mulling to levy GST on UPI transactions above INR 2,000. Clarifying on reports, which said that the government is considering levying Goods and Services Tax (GST) on UPI transactions over INR 2,000, the finance ministry said they are completely false, misleading, and without any basis. GST on UPI Payments: Centre Not Considering Any Proposal To Levy GST on UPI Transactions Over INR 2,000, Clarifi…

No GST will be charged on UPI transactions over Rs 2000; Government issues an official statement - The Tech Outlook

Recently, rumors surfaced online that the government will impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions exceeding Rs 2,000. The Ministry of Finance has put a stop to these rumors by issuing an official statement that such claims are completely false, misleading, and without any basis. The government clarified that effective from January 2020, the Central Board of Direct Taxes (CBDT) has removed the Merchant…