BusinessNPCI Says 18% GST on UPI MDR Can Be Offset by Merchants
The National Payments Corporation of India (NPCI) stated that the proposed 18% GST on Merchant Discount Rate (MDR) for UPI transactions above Rs 2,000 can be claimed as input tax credit by merchants. This means merchants can offset the GST paid on MDR charges, easing the tax burden on digital payments.
Deccan Herald·21h ago

