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GST on UPI transactions above Rs 2,000? What you need to know

PNN & Agencies
Updated: April 18th, 2025, 19:05 IST
in Business, Sci-Tech
0
GST on UPI

GST on UPI

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Mumbai: The government is “considering a proposal to levy Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions above Rs 2,000,” according to a report.

However, there has been no official confirmation of this information and further details are awaited.

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In February 2025, India’s GST collections saw a 9.1% rise, reaching approximately Rs 1.84 lakh crore. Official data released March 1 revealed that central GST collections amounted to Rs 35,204 crore, state GST to Rs 43,704 crore, integrated GST to Rs 90,870 crore, and compensation cess to Rs 13,868 crore during the month.

Also Read: Odisha farmers, officials begin seven-day agricultural study tour to Malaysia

PNN & Agencies

Tags: BusinessfintechGSTTaxUPI
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