Now Reading: Rajya Sabha Clears Taxation Bill, UPI Charges Ruled Out
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Rajya Sabha Clears Taxation Bill, UPI Charges Ruled Out
The Rajya Sabha on Thursday cleared the Taxation Laws (Amendment) Bill, 2024, after Finance Minister Nirmala Sitharaman clarified that an amendment related to UPI is only an enabling provision and does not…
The Story in Brief
The Rajya Sabha on Thursday cleared the Taxation Laws (Amendment) Bill, 2024, after Finance Minister Nirmala Sitharaman clarified that an amendment related to UPI is only an enabling provision and does not impose any tax or transaction charge on users. The government categorically ruled out any levy on UPI transactions, assuaging fears raised during the debate. The bill seeks to simplify and consolidate tax laws, replacing outdated provisions. Opposition members had sought assurances that digital payments would not be burdened, which the minister provided.
The Indian Opinion
The noise around UPI charges has been a convenient distraction. The amendment is an enabling provision, not a tax, Sitharaman made that clear. Yet some channels painted it as a stealth levy on every digital payment. The real story is the bill itself: it consolidates decades of tax laws, which is long overdue. The test will be in the fine print: does the final version close loopholes or create new ones? That is what citizens should watch, not phantom UPI fees.
Source: ndtv.com
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