Parliament clears taxation bill, Nirmala Sitharaman says UPI transactions to remain free

Parliament on Monday passed the Taxation and other Laws (Amendment) Bill, with Finance Minister Nirmala Sitharaman making clear that the legislation does not impose any tax on UPI and the digital payment system will remain free.

The Bill, which was passed by the Lok Sabha last week, was returned by the Rajya Sabha with a voice vote after a brief discussion and reply by the Finance Minister.