GST Council to Review 18% Tax on UPI Merchant Fees as October 15 Levy Nears
The GST Council is set to examine the applicability of an 18% goods and services tax on merchant discount rates charged on UPI transactions above Rs 2,000, according to a report. The move comes as the government prepares to implement a 0.4% merchant discount rate from October 15, capped at Rs 300, with merchants eligible to claim input tax credit on the tax paid.
