{"id":1036152,"date":"2026-09-17T08:28:50","date_gmt":"2026-09-17T02:58:50","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1036152"},"modified":"2026-09-17T08:46:12","modified_gmt":"2026-09-17T03:16:12","slug":"upi-mdr-could-cost-47-2-bps-with-gst-for-merchants","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/17\/upi-mdr-could-cost-47-2-bps-with-gst-for-merchants\/","title":{"rendered":"UPI MDR could cost 47.2 bps with GST for merchants"},"content":{"rendered":"<p>Mumbai: Businesses receiving UPI payments above the exempted \u20b92,000 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 be registered with the GST authorities, said the people cited above. The effective cost for them is likely to be 47.2 basis points on eligible UPI transactions, rather than the headline 40-bps MDR, they said. <\/p>\n<p>One basis point is a hundredth of a percentage point.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Businesses receiving UPI payments above the exempted \u20b92,000 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 be registered with the GST authorities, said the people cited above. The effective cost for them is likely to be 47.2 basis points on eligible UPI transactions, rather than the headline 40-bps MDR, they said. One basis point is a hundredth of a percentage point.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1036152","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1036152"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036152\/revisions"}],"predecessor-version":[{"id":1036175,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036152\/revisions\/1036175"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1036152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1036152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1036152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}