GST Council to Examine 18% Levy on UPI Merchant Fees as October 7 Meeting Nears
The GST Council is set to review the tax treatment of merchant fees linked to UPI transactions above Rs 2,000 at its October 7 meeting, according to a report. The discussion comes as the government proposes a 0.4% merchant discount rate, capped at Rs 300, from October 15, with the fee treated as a taxable service and merchants allowed to claim input tax credit.
