Gulte Movie News And Politics
In this digital era, we get to see unfounded rumours getting propagated by very now and then. On that note, there have been speculations about possible imposition of 18% GST on UPI transactions amounting to more than ₹2000.
These social media speculations stated that the central government is contemplating the idea of enforcing GST on UPI transactions above ₹2000.
However, the latest clarification from the union finance ministry confirms that there is no credibility or truth in this speculation about GST on UPI transactions.
“The claims that the Government is considering levying GST on UPI transactions over ₹2,000 are completely false, misleading, and without any basis. Currently, there is no such proposal before the government.” The official communication from the finance ministry of India read.
UPI transaction values have seen an exponential increase, growing from ₹21.3 lakh crore in FY 2019-20 to ₹260.56 lakh crore by March 2025. Specifically, P2M transactions have reached ₹59.3 lakh crore. It is evident that India is increasingly becoming a digital payment hub.
Earlier there was some panic amongst the common public on whether GST would actually be applied on UPI transactions. But the finance ministry was quick to react, and they clarified the matter once and for all.
