No tax will be UP to the year 2000, The Ministry of Finance clarified the position regarding UPI payments on Monday. The government stated that banks or payment system providers cannot levy any direct or indirect charges on UPI payments of up to ₹2,000. Payments made via RuPay debit cards have also been included under this ambit. This clarification comes at a time when speculation regarding the imposition of fees on UPI transactions was intensifying.
No Tax Will Be UP to the Year 2000: Finance Ministry Clarifies UPI Charges on Payments Up to ₹2,000 The debate surrounding charges on digital payments has intensified in recent days, prompting the Ministry of Finance to clarify the government’s position on UPI transactions. According to the clarification, banks and payment system providers cannot impose…