World & BusinessGST Council reportedly set to discuss 18% levy on UPI merchant fees exceeding Rs 2,000
The Economic Times reports that the government has proposed a 0.4% merchant discount rate starting October 15, capped at Rs 300.
TLDR
The Economic Times reports that the GST Council will meet on October 7, 2026, to discuss an 18% GST levy on UPI merchant fees exceeding Rs 2,000. The government has proposed a 0.4% merchant discount rate from October 15, capped at Rs 300, the report says. It describes the fee as a taxable service under GST and says merchants would be able to claim input tax credit on the GST paid on those fees.
GST Council reportedly set to discuss 18% levy on UPI merchant fees exceeding Rs 2,000
The Economic Times reports that the government has proposed a 0.4% merchant discount rate starting October 15, capped at Rs 300.
TLDR
The Economic Times reports that the GST Council will meet on October 7, 2026, to discuss an 18% GST levy on UPI merchant fees exceeding Rs 2,000. The government has proposed a 0.4% merchant discount rate from October 15, capped at Rs 300, the report says. It describes the fee as a taxable service under GST and says merchants would be able to claim input tax credit on the GST paid on those fees.