Neutral impactEconomy
UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax credit
Economic Times 2 hrs ago·16 Sept 2026, 10:43 am
UPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merchants will pay eighteen percent GST on these charges, which is effective October 15th. Registered merchants can claim input tax credit on the GST paid on these fees. This tax structure aims to generate significant GST revenue for the government annually.
Key takeaways
- Category: Economy.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
