GST Paid On MDR By Merchant Can Be Adjusted Against GST Payable On Goods Sold: NPCI

Merchants with monthly UPI receipts of up to Rs 1 lakh are not liable to pay MDR and therefore do not even have the issue of GST on MDR, NPCI said.

Reflecting on the one-year milestone of the updated tax regime, Hisashi Takeuchi, Managing Director and Chief Executive Officer of Maruti Suzuki India, highlighted the transformative impact the reform has had on both the automotive ecosystem and consumer demand.

The bank said it has consistently followed this treatment and that assessments for prior years were completed without treating the relevant exempt interest income as taxable turnover.

Maruti Suzuki's passenger vehicle sales grew about 36% year-on-year during April-August 2026, while the entry-level segment recorded growth of over 96%.

The probe agency registered a case on August 26, following a complaint alleging that Rakesh Kumar Sinha had demanded a bribe of Rs 40 lakh. Vinay Kumar Kantheti, a 2009-batch revenue officer, was also named in the case.

After receiving the complaint, Bengaluru City Lokayukta officials laid a trap and allegedly caught Singh while accepting the money through a mediator.

Central GST Superintendent Mohit Pratap Singh was caught accepting an alleged Rs 8 lakh bribe through a mediator, Lokayukta officials reported.

The charge will be paid by the merchant, not the customer. It will be capped at Rs 300 for transactions of Rs 75,000 and above.

A key concern is the additional 18% GST burden on the MDR for small merchants. The issue could be taken up by the GST Council for review, an official said.

There is no single Modinomics textbook or formula. Instead, the term has come to describe a collection of choices made during the PM Modi years.

Under the new framework, UPI person-to-merchant transactions above Rs 2,000 will attract an MDR of 0.4% from October 15, subject to the prescribed cap. The GST at 18% will be levied on this MDR.

From February 1, cigarette and other tobacco products moved to a 40% GST rate, alongside a new additional excise-duty structure.

According to ICEA, weak domestic demand has emerged as a growing concern for the smartphone industry, even as India continues to see growth in mobile-phone exports.

The diner said they had no issue with the GST on their bill, but a separate 10% gas charge left them questioning how the final amount was calculated.