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UPI MDR could cost 47.2 bps with GST for merchants
The Economic Times
September 17, 2026
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Mumbai: Businesses receiving UPI payments above the exempted ₹2,000 per transaction threshold will have to pay an 18% goods and services tax (GST) on the applicable merchant discount rate (MDR), people aware of the MDR arithmetic told ET. However, they would be eligible for tax offsets should they b
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