No GST on UPI transactions over Rs 2,000, clarifies govt; terms rumors as baseless

The Indian government has refuted rumors about imposing GST on UPI transactions exceeding Rs 2,000, dismissing the claims as baseless and misleading. The government reaffirmed its commitment to promoting digital payments through UPI. Currently, no Merchant Discount Rate (MDR) is charged on UPI transactions, thus no GST is applicable, reinforcing India's leadership in digital payments. The Ministry…