GST on MDR will not impose additional burden on merchants: NPCI explains how they can adjust it against tax liability

Mint has reported a new India-focused economy development: “GST on MDR will not impose additional burden on merchants: NPCI explains how they can adjust it against tax liability.” The publisher's feed describes the story as follows: UPI MDR of 0.4% will apply to P2M transactions above ₹2,000 from 15 October. NPCI says GST paid on MDR can be adjusted against GST payable on sales through input tax credit. Small merchants with monthly UPI receipts up to ₹1 lakh will continue to have zero MDR. Int
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