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The Economic Times

GST Council to take view on 18% levy on UPI merchant fees: Report

Council GST Council the GST Council

New Delhi: The GST Council, chaired by the Union Finance Minister, will take a view on GST levy on merchant fees for UPI transactions above Rs 2,000, government sources said on Thursday.

Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4 per cent merchant discount rate (MDR) with an overall cap of Rs 300.

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