Economy · India
NPCI Clarifies UPI MDR GST Impact on Small Merchants
The National Payments Corporation of India (NPCI) has stated that small merchants and 96% of transactions will remain unaffected by the Goods and Services Tax (GST) on the Merchant Discount Rate (MDR) for Unified Payments Interface (UPI). NPCI issued this clarification to address public concerns regarding the potential burden on small businesses and digital payments.
How outlets across the spectrum covered it
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- Centre (1): Business Today
- Right (1): Khabar Fast