The department issued a detailed statement responding to reports that sections of traders have stopped accepting payments through the UPI apps after it issued GST notices to unregistered traders whose annual UPI transactions breached the Rs 20 lakh cap in the case of services and Rs 40 lakh in the case of goods.
Risk Disclosure
Trading in financial instruments and digital currencies involves high risks, including the potential loss of your entire investment. Prices are highly volatile and can be influenced by financial, regulatory, or political events. Trading on margin increases these risks.
Before trading, be fully aware of the associated risks and costs, and consider your investment objectives, experience level, and risk appetite. Seek professional advice if necessary.
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