UPI payment fee decision to remain

The record

Written from the 1 report below. Nothing here is unsourced.

The Indian government will not reverse its decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI payments above 2,000 rupees from October 15.
Business organisations have opposed the fee and asked the government to withdraw the decision.
Merchants will also have to pay 18% GST on the 0.4% MDR fee, tax experts stated.
Merchants can claim input tax credit on the GST, which reduces the overall tax burden.
The decision matters because it ends hopes of a rollback despite industry and legal opposition, and will raise transaction costs for merchants.

Whether challenges to the UPI MDR move in the Supreme Court proceed, as hinted in the story slug.
Whether NPCI clarifies sector-specific rates, including the 5-rupee per transaction cap for some sectors and school fees.
How merchants adjust pricing or payment acceptance once the fee takes effect on October 15.

1 report

Indian-language1

All filed from India

Named India · Anjan Datta · Ministry of Finance · National Payments Corporation of India · Supreme Court of India

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