GST Council to Review 18% Levy on UPI Merchant Fees as October 15 MDR Plan Nears
The GST Council is set to examine the tax treatment of UPI merchant fees at its October 7 meeting, according to a report, as the government prepares to roll out a 0.4% merchant discount rate from October 15. The proposed charge, capped at Rs 300 and applicable to transactions above Rs 2,000, would be treated as a taxable service under GST, with merchants eligible to claim input tax credit on the tax paid.
