The Indian government has dismissed rumors about levying GST on UPI transactions over ₹2,000. In an official release, the Finance Ministry clarified that no such proposal exists and the claim is baseless. UPI remains GST-free as no MDR is charged on such transactions. The government also reaffirmed its commitment to promoting digital payments.

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• No GST on UPI payments above ₹2,000, govt confirms
• Finance Ministry says rumors are false, baseless
• No proposal to apply GST on UPI under consideration
• UPI attracts no MDR, hence no GST applicable
• MDR removed on UPI P2M from Jan 2020
• Govt pushing digital payments with incentives since FY22
• ₹1,389 cr paid in FY22, ₹2,210 cr in FY23, ₹3,631 cr in FY24
• Scheme helps small merchants, reduces cost burden
• India did 49% of global real-time transactions in 2023
• UPI grew from ₹21.3L cr (FY20) to ₹260.56L cr (FY25 proj.)