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UPI MDR should not attract any GST: Former RBI Governor C Rangarajan

1 source · first seen 20:21 5 Oct · updated 20:21 5 Oct

The brief

Written from 1 report · check the source before you trade
  • Former RBI Governor C Rangarajan said UPI MDR should not attract GST
  • A GST exemption could benefit Indian payment providers if adopted

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64 stories this week
  1. 5 OctWill MDR help UPI become sustainable?Policy · 1 source
  2. 4 OctUPI MDR Charges: Will small-value transactions be impacted? What's Person-to-Merchant (P2M) fees? Details insidePolicy · 1 source · A new MDR framework applies from October 15 to UPI merchant payments above ₹2,000
  3. 4 OctUPI transaction value may drop 10% after Oct 15 MDR rollout: SurveyData · 2 sources · LocalCircles estimates UPI transaction volumes could fall 4% and value 10%
  4. 3 OctUPI transactions rise 27% to 145 billion in H1 FY27 ahead of new MDRData · 1 source · UPI processed 145 billion transactions in H1 FY27, up 27%
  5. 2 OctUPI volume rises 27% to touch 145 billion in first half of FY27Data · 2 sources · UPI volume rose 27% to 145 billion in the first half of FY27
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Read the reports

1 report · earliest 20:21
Business LineUPI MDR should not attract any GST: Former RBI Governor C Rangarajan20:21