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GST IMPLICATIONS ON MDR
FMCG distributors seek zero-MDR for UPI transactions; write to PMThe association urged the government to address the implications of calculating the merchant discount rate on gross payments and resulting ...- UPI MDR from October 15: Govt plans daily monitoring to stop merchants passing 0.4% fee to customersThe government is in negotiations with payment aggregators over new UPI transaction fees, ensuring that these charges will not be imposed o...
- UPI MDR may attract 18% GST; eligible merchants can claim input tax creditEffective 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 MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax creditUPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merchants will pay eight...
- Why are social media companies nuts for NFTs?The non-fungible tokens, or NFTs, are bought and sold on bespoke marketplaces such as OpenSea, Decentraland and SuperRare, not social media...
- Boat set to float; rich investors stash crypto abroadThe start of 2022 hasn’t been kind to India’s recently listed tech firms, so a successful Boat IPO would bring some much-needed cheer.
- YouTube hack hits Indian crypto firms; Budget wish lists for crypto, fintechThe YouTube accounts of various Indian crypto companies including CoinDCX, CoinSwitch Kuber, WazirX and Unocoin were among those compromise...
- Budget 2022-23: Crypto startups seek tax clarity, fintech firms want sopsThe cryptocurrency space, which has been in the spotlight over the past year, has been suffering due to the lack of regulations and clarity...
- Budget 2021 Expectations: What India’s fintech industry wantsIndustry experts said reforms to further the country’s financial inclusion mandate through effective use of technology could be expected fr...
- Assembly elections, GST, high-profile cases mark 2017Two terrorists were killed by the army as it foiled an infiltration bid along the Line of Control (LoC) in Poonch sector of Jammu and Kashm...
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