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Parliament Passes Taxation Laws Amendment Bill, Paving Way For Possible UPI Charges
['Livelaw News Network']
Supreme Court - High Court - Legal Breaking News | Live Law India
Parliament has passed the Taxation and Other Laws (Amendment) Bill, 2026, which, among other tax changes, amends the legal framework governing electronic payments in a manner that could pave the way for charges on UPI transactions in the future.
The legislation does not itself impose any charge on UPI transactions.
The amendment replaces the reference to Section 269SU with the words:"one or more electronic modes of payment as the Central Government may, by notification, specify."
Thus, instead of the statute itself referring to a particular set of prescribed electronic modes, the Centre will be able to determine the protected modes through a notification.
She assured that UPI transactions would remain free for consumers.