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Home » No GST on UPI Payments Over ₹2,000
News Update

No GST on UPI Payments Over ₹2,000

News DeskBy News Desk30 April 2025No Comments1 Min Read
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The government has clarified that there is no plan to impose GST on UPI transactions above ₹2,000. Reports claiming this are false and baseless.

GST Only on Payment-Related Charges

GST is only applied to charges like the Merchant Discount Rate (MDR) for certain digital payments. Since January 2020, UPI Person-to-Merchant (P2M) transactions have had no MDR, meaning no GST is charged on them.

Government Continues to Support UPI

To boost UPI usage, an Incentive Scheme has been active since FY 2021-22. It supports low-value UPI (P2M) transactions and helps small merchants by lowering transaction costs.

Incentive Scheme Payouts

The scheme’s payouts over the years show the government’s support:
FY 2021-22: ₹1,389 crore
FY 2022-23: ₹2,210 crore
FY 2023-24: ₹3,631 crore

India Leads in Digital Payments

As per the ACI Worldwide Report 2024, India made 49% of all global real-time digital transactions in 2023.

UPI Usage Growing Rapidly

UPI transaction value rose from ₹21.3 lakh crore in FY 2019-20 to ₹260.56 lakh crore by March 2025. P2M transactions hit ₹59.3 lakh crore, showing strong merchant and consumer use.

banner digital payments Finance Ministry clarification government commitment GST on UPI MDR exemption UPI growth UPI transactions over ₹2000
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