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NPCI says most small merchants will remain unaffected by GST on UPI MDR, as over 96% of transactions are below Rs 2,000.

GST on UPI MDR Will Not Add Extra Burden to Most Small Merchants, NPCI Clarifies Amid Concerns Over New Tax Rules

The 18% Goods and Services Tax (GST) applicable on Merchant Discount Rate (MDR) for UPI transactions exceeding Rs.2,000 can be claimed as ITC by GST-registered businesses. 


18% GST on UPI Merchant Discount Rate to Apply on Transactions Above Rs.2,000 From October 15

A PIL has been filed before the Supreme Court challenging the Centre’s decision to introduce a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs.2,000.

PIL in Supreme Court Challenges 0.4% MDR on UPI Transactions Above Rs.2,000

Articles

Mumbai Cyber Police have arrested six people for allegedly duping a 68-year-old retired businessman of Rs 1.12 crore in a two-week ‘digital arrest’ scam.

Mumbai Cyber Police Arrest Six in Rs 1.12 Crore ‘Digital Arrest’ Scam Targeting 68-Year-Old Retired Businessman

New UPI MDR above Rs 2,000 will attract 18% GST, while the Centre maintains there will be no rollback of the decision.

UPI Payments Above Rs 2,000 Face 0.4% MDR and 18% GST From October 15; Government Rejects Rollback Demand

The Govt has clarified that UPI transactions for P2P transfers and small everyday payments will remain charge-free, while limited fees may apply to select high-valued transactions.

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GST on UPI MDR Will Not Add Extra Burden to Most Small Merchants, NPCI Clarifies Amid Concerns Over New Tax Rules

18% GST on UPI Merchant Discount Rate to Apply on Transactions Above Rs.2,000 From October 15

PIL in Supreme Court Challenges 0.4% MDR on UPI Transactions Above Rs.2,000

Mumbai Cyber Police Arrest Six in Rs 1.12 Crore ‘Digital Arrest’ Scam Targeting 68-Year-Old Retired Businessman

UPI Payments Above Rs 2,000 Face 0.4% MDR and 18% GST From October 15; Government Rejects Rollback Demand

UPI Transactions to Remain Charge-Free: Finance Ministry Notifies New Payment Rules