Upi Mdr Charges
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'Neither Tax, Nor Cess': FM Nirmala Sitharaman Slams Opposition Over Misinformation' On UPI MDR
From Oct. 15, a 0.4% MDR will apply to person-to-merchant UPI payments above Rs 2,000. The charge will be paid by merchants, not consumers, and will be capped at Rs 300 for transactions of Rs 75,000 or more.
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UPI Fees Won't Pass To Customers, No Extra GST Burden For Merchants: Sources
The charge will be paid by the merchant, not the customer. It will be capped at Rs 300 for transactions of Rs 75,000 and above.
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'Patently False & Misleading': DFS Rejects Allegation That MDR Introduced Under External Influence
Terming the claims "patently false and misleading," the finance ministry's department issued a point-by-point clarification addressing speculative reports citing the 2026 USTR report. DFS said MDR will enable more domestic companies to operate under UPI.
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UPI MDR To Attract 18% GST; Merchants Can Claim Input Tax Credit: Official
Under the new framework, UPI person-to-merchant transactions above Rs 2,000 will attract an MDR of 0.4% from October 15, subject to the prescribed cap. The GST at 18% will be levied on this MDR.
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UPI Could Create A Rs 22,000 Crore Revenue Pool. Here's Who Stands To Gain
Bernstein expects the regulatory framework to determine the headline MDR rate as well as the conditions governing which transactions are eligible.
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Merchant Charges On Digital Payments May Be Back As Centre Set To Amend Zero-MDR Policy
The current framework for zero MDR will be replaced with a notification-based mechanism. The amendment will empower the Central Government to notify the digital payment modes that will continue to enjoy exemption from MDR.
-
'Neither Tax, Nor Cess': FM Nirmala Sitharaman Slams Opposition Over Misinformation' On UPI MDR
From Oct. 15, a 0.4% MDR will apply to person-to-merchant UPI payments above Rs 2,000. The charge will be paid by merchants, not consumers, and will be capped at Rs 300 for transactions of Rs 75,000 or more.
-
UPI Fees Won't Pass To Customers, No Extra GST Burden For Merchants: Sources
The charge will be paid by the merchant, not the customer. It will be capped at Rs 300 for transactions of Rs 75,000 and above.
-
'Patently False & Misleading': DFS Rejects Allegation That MDR Introduced Under External Influence
Terming the claims "patently false and misleading," the finance ministry's department issued a point-by-point clarification addressing speculative reports citing the 2026 USTR report. DFS said MDR will enable more domestic companies to operate under UPI.
-
UPI MDR To Attract 18% GST; Merchants Can Claim Input Tax Credit: Official
Under the new framework, UPI person-to-merchant transactions above Rs 2,000 will attract an MDR of 0.4% from October 15, subject to the prescribed cap. The GST at 18% will be levied on this MDR.
-
UPI Could Create A Rs 22,000 Crore Revenue Pool. Here's Who Stands To Gain
Bernstein expects the regulatory framework to determine the headline MDR rate as well as the conditions governing which transactions are eligible.
-
Merchant Charges On Digital Payments May Be Back As Centre Set To Amend Zero-MDR Policy
The current framework for zero MDR will be replaced with a notification-based mechanism. The amendment will empower the Central Government to notify the digital payment modes that will continue to enjoy exemption from MDR.
