Neutral impactEconomy
UPI MDR may attract 18% GST; eligible merchants can claim input tax credit
CNBC-TV18 1 hr ago·16 Sept 2026, 11:08 am
Effective October 15, UPI payments to merchants (P2M) above ₹2,000 will attract a 0.4% merchant discount rate with an overall cap of ₹300. Besides, a flat concessional MDR rate of ₹5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for transaction above ₹2,000.
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- Category: Economy.
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