Bhubaneswar, April 18 -- https://images.odishatv.in/uploadimage/library/16_9/16_9_0/UPI_1720079289.jpg
The Ministry of Finance has firmly denied recent media reports suggesting the imposition of Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions exceeding Rs 2,000. Calling the reports "completely false, misleading, and without any basis," the government clarified that no such proposal is under consideration.
GST is applicable only on specific charges like the Merchant Discount Rate (MDR) for certain digital payment methods. However, the government highlighted that since January 2020, the MDR on UPI-based Person-to-Merchant (P2M) transactions was eliminated. This move, enacted via a Gazette Notification by the Ce...