UPI charges may attract 18% GST
Merchants may face 18% GST on merchant discount rate (MDR) fees for UPI transactions exceeding โน2,000, experts said.
However, businesses could offset this liability by claiming input tax credit on MDR payments. The proposed levy is estimated to raise โน3,500โ4,000 crore annually in GST revenue, easing its overall net impact.
UPI charges may attract 18% GST Merchants may face 18% GST on merchant discount rate (MDR) fees for
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