UPI merchant fees: small-merchant exemptions and GST rules
The Economic Times reports that NPCI says transactions under ₹2,000 have zero merchant discount rate (MDR) and no GST. NPCI says more than 96% of merchant transactions fall below that threshold.
TLDR
The Economic Times reports that NPCI says GST on UPI’s merchant discount rate (MDR) will not burden small merchants. According to NPCI, transactions under ₹2,000 have zero MDR and no GST, while small merchants receiving under ₹1 lakh a month are exempt from MDR. NPCI also says merchants can adjust GST paid on MDR against their tax liability.
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