‘Completely false, misleading…’: Modi govt denies levying GST on UPI transactions above THIS amount

GST on UPI payments? The government clarified on Friday, April 18, that it is not considering levying goods and services tax (GST) on unified payment interface (UPI) transactions above ₹2,000. Denying media reports that the government is considering levying a tax on UPI transactions over ₹2,000, the finance ministry said they are completely false, misleading, and without any basis.

“Currently, there is no such proposal before the government,” the finance ministry said in a statement.