GST will also apply on MDR? NPCI Clarification on MDR and GST
UPI MDR GST Clarification : The National Payments Corporation of India (NPCI) has clarified the questions and concerns raised regarding the implementation of GST on Merchant Discount Rate (MDR) for UPI transactions. According to NPCI, this decision will not impose any financial burden on small merchants using digital payments. NPCI has rejected reports which claimed … Read more