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Tag: exemptions

Startup India
Evan Lee Salim

New UPI Merchant Discount Rate (MDR) Framework: Understanding the 18% GST Impact, Exemptions, and Implications for Businesses

New Delhi: As India’s digital payments landscape braces for a significant structural shift, the implementation of the Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions exceeding ₹2,000 is drawing intense scrutiny. Set to take effect from October 15, 2026, the newly announced framework has sparked widespread discussions regarding cost implications for merchants, operational […]

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