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- The National Payments Corporation of India stated that UPI transactions under Rs 2,000 remain free from the Merchant Discount Rate.
- Small merchants receiving up to Rs 1 lakh monthly through UPI are also exempt from these charges.
- Any GST paid on the Merchant Discount Rate is eligible for input tax credit against sales tax liability.
- These measures aim to ensure that digital payment costs do not impact the majority of small-scale business transactions.
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All filed from India
Named India · Finance Ministry · National Payments Corporation of India
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