In a notable move, Rahul Gandhi has introduced a digital platform called 'Satyagraha', empowering citizens to initiate protests based on sp...

NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.

Exempting individual health insurance premiums from GST has led to increased policy adoption across various demographics. Star Health repor...

Finance Minister Nirmala Sitharaman confirmed that the Merchant Discount Rate on UPI payments above Rs 2,000 will not be passed to consumer...

The introduction of a 0.02% merchant discount rate will impact specific mutual fund and broking transaction payments. One-time investments ...

Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.

The new framework introduces a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, capped at Rs 300 on transactions of Rs 75,00...

The association urged the government to address the implications of calculating the merchant discount rate on gross payments and resulting ...

The Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI vo...

Officials clarified that there is no separate GST levied on MDR charges. While GST will apply to MDR on UPI transactions, businesses will b...

Happy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETtech Morning Dispatch.

A 40-basis-point MDR on UPI transactions could create a large revenue pool. Issuing banks and UPI apps will receive substantial portions of...

Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...

UPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merchants will pay eight...

Traders will now encourage cash payments to avoid new UPI transaction fees. A 0.4 percent charge applies to UPI transactions exceeding two ...

Finance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands for exemptions and rate cuts, asking...

App-based mobility firms want GST exemption on their platforms. They argue the five percent tax applies unfairly to technology connectors. ...