Archive · 27 Jul 2025
No GST on UPI Transactions Over ₹2,000, Says MoS Finance
The government has said it won't add a tax (GST) on digital payments made through UPI if they are over ₹2,000.
This was announced in a meeting by the Finance Minister, clearing up rumors.
They also talked about other money matters like the budget for 2025-26, how many bank employees there are, how insurance claims work and actions taken against companies by SEBI.
Government clarifies no plans to impose GST on UPI transactions over ₹2,000.
Minister of State for Finance Pankaj Chaudhary made the statement in Rajya Sabha.
The clarification addressed speculation about potential GST on UPI transactions.
The government aims to meet its budget deficit target of 4.4% of GDP for 2025-26.
Information on Public Sector Bank staffing, insurance claim settlement, and SEBI enforcement actions were also provided.
- Who
- Minister of State for Finance Pankaj Chaudhary.
- What
- Clarification on GST for UPI transactions and related financial information.
- When
- July 22, during the Monsoon Session of Parliament.
- Where
- Rajya Sabha.
- Why
- To clarify speculations about GST on UPI transactions and provide updates on financial matters.
Government's View
N/A
GST Policy
Government's View
Clarifies no immediate plans for GST on UPI transactions over ₹2,000.
N/A
N/A
- GST on UPI
- No plans to levy on transactions over ₹2,000
- Fiscal Deficit 2025-26
- 4.4% of GDP
- Total Resources to States (2025-26)
- ₹25.01 lakh crore
- PSB Staff in Position (March 31, 2025)
- 96%
- Cashless Claims (FY2023-24)
- 58.39% by count, 66.16% by amount
