No plan for GST on 2,000+ UPI payments: Govt

The government has issued a clarification regarding Goods and Services Tax. It states that there will be no GST levied on UPI transactions exceeding Rs 2,000. Reports suggesting such a levy are false and misleading. Currently, no Merchant Discount Rate is charged on UPI transactions. Therefore, GST is not applicable. UPI transactions have significantly increased over the years.