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India Launches New Project to Make Sending Money Home Easier for Indians Abroad

Kavi Priya

The Department of Posts (DoP), under the Ministry of Communications, Government of India, has joined hands with NPCI International Payments Limited ...

India Extends ₹4,850 crore Line of Credit to Maldives: Bilateral Collaboration Strategies penned...

Free UPI Payments May Be on Borrowed Time: RBI warns of Imminent Shift in Digital Payment Model

UPI Breaks Records To Overtake VISA As World’s Top Real-Time Payment System: 650 Million Daily...

From India to the World: UPI goes Global as Namibia Becomes First Foreign Country to Sign Licensing...

UPI Transactions to get Faster: Know Impact on Users, Merchants

Consumers across India can now expect significantly faster Unified Payments Interface (UPI) transactions, particularly for merchant payments, thanks to a key software upgrade implemented by the...

SEBI mandates use of Standardised UPI IDs [Read Circular]

The Securities and Exchange Board of India (SEBI) today issued a landmark circular mandating the adoption of standardised, validated and exclusive Unified Payments Interface (UPI) IDs for all...

UPI Remains GST-Free! Govt. clears the Air on Rumours indicating Tax Levy on Transactions Above ₹2000

Great news for digital payment users! The Finance Ministry has officially dismissed swirling rumors about imposing GST on UPI transactions above ₹2000 as "completely false and misleading." In a late...

New UPI Rule: Banks Must Update Numeric ID Resolution by March 31, 2025

The National Payments Corporation of India (NPCI) has issued a new circular which focuses on changes related to the Numeric UPI ID resolution process. The circular introduces updated compliance...

New UPI Rule - Banks Must Update Numeric ID Resolution - New UPI rule 2025 - TAXSCAN

Frequent UPI User? High-Value Transactor? You might need a GST Registration

Businesses under the Goods and Services Tax (GST) regime are mandatorily required to register themselves with the GST system to comply with the laws pertaining to indirect taxation on the supply of...

Important Tax and GST Changes from 1st January, 2025

Out with the Old, In with the New! It has been quarter of a century since the beginning of the new millenia - one that has seen groundbreaking changes in tax and finance, tech, and fiscal policies....

Payment Aggregators processing Payments less than Rs. 2000 eligible for GST Exemption, not Applicable to Payment Gateways: FM on GST Council

The Union Finance Minister Nirmala Sitharaman chaired the 55th GST Council Meeting held at Jaisalmer, Rajasthan today (21st December, 2024). Convening the press meet that began at 6:38 P.M. IST,...