The National Payments Corporation of India has reassured small businesses that recent changes to UPI merchant fee regulations will not increase costs or impose additional burdens on low-turnover traders, amid concerns over GST implications.
The National Payments Corporation of India has moved to calm fears that a new tax treatment on Unified Payments Interface merchant fees will hit small businesses, saying the change will not raise the cost of everyday digital payments or add a new burden for low-turnover traders.
In a statement posted on X and repeated on its website, NPCI said recent claims linking Goods and Services Tax to UPI merchant discount rate were गलत? Need English UK only. Let’s rewrite cleanly.
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