NPCI clarifies no GST burden on small merchants over UPI Merchant Discount Rate

New Delhi [India], September 22 (ANI): The National Payments Corporation of India clarified that allegations regarding Goods and Services Tax (GST) on Unified Payments Interface (UPI) Merchant Discount Rate (MDR) burdening small merchants and making digital payments costly are incorrect.

Addressing concerns circulating in the public domain, NPCI stated that retail digital transactions remain insulated from the levy.