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Topicin Taxation

Merchant Tax

Latest news, explainers and analysis on Merchant Tax. Tracking 1 stories on Arth Vani.

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Latest on Merchant Tax

NPCI Clarifies: GST on MDR Not Extra Burden for Merchants, Can Be Adjusted Against Tax
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Taxation

NPCI Clarifies: GST on MDR Not Extra Burden for Merchants, Can Be Adjusted Against Tax

The National Payments Corporation of India (NPCI) has clarified that the Goods and Services Tax (GST) charged on Merchant Discount Rate (MDR) will not impose an additional financial burden on businesses. Merchants can claim this GST amount as Input Tax Credit (ITC), effectively adjusting it against their overall tax liabilities. This move aims to alleviate concerns among businesses regarding the cost implications of digital transactions.

2h ago·2 min readListen
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