Government sources dismissed claims of GST on UPI as a "false rumour," saying GST paid on MDR can be set off against Input Tax Credit. From October 15, UPI merchant payments above ₹2,000 will attract 0.4% MDR, capped at ₹300. Experts say registered businesses can claim ITC, minimising the impact.
Business
Govt Clarifies GST On MDR Can Be Set Off
