🚨 18% GST will be charged on the MDR itself. 😳
UPI CHARGES JUST GOT MORE EXPENSIVE?
From October 15, UPI merchant payments above ₹2,000 will attract 0.4% MDR.
GST-registered merchants can claim ITC, but unregistered businesses may have to absorb the cost.
₹10,000 UPI payment → ₹40 MDR → ₹7.20 GST.
UPI was “free”… until now. 👀
UPI CHARGES JUST GOT MORE EXPENSIVE?
From October 15, UPI merchant payments above ₹2,000 will attract 0.4% MDR.
GST-registered merchants can claim ITC, but unregistered businesses may have to absorb the cost.
₹10,000 UPI payment → ₹40 MDR → ₹7.20 GST.
UPI was “free”… until now. 👀