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ADJUSTING GST ON MDR
NPCI says GST on UPI MDR will not burden small merchantsNPCI states GST on UPI Merchant Discount Rate is not a burden. Transactions under two thousand rupees have zero MDR and no GST. Over ninety...- UPI MDR could create Rs 27,000 crore revenue pool by FY28: BernsteinA 40-basis-point MDR on UPI transactions could create a large revenue pool. Issuing banks and UPI apps will receive substantial portions of...
- GST Council meet on Friday, may announce new measures to boost digital payments, cut tax ratesApart from giving another push to digital payments, the GST Council today could cut GST on some items from the top 28% rate.
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