18% GST

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Deal Lieutenant
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18% GST

GST Council is planning to IMPOSE 18% GST on UPI transactions below Rs 2,000. 

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Benevolent Benevolent
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death of upi by Indian goberment 

Deal Cadet Deal Cadet
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The thing is govt is shooting blindly instead RBI should create a system to allow business transactions account only for merchants instead of personal. Charge % on merchant account only and don't allow business transactions on personal accounts.

Beacon Beacon
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Kahan gya ab woh digital india ki neev rkhnewala?

Generous Generous
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It doesn't matter, and makes no much impact.


Average MDR is 1% and consider the transactions of Rs. 1000, Currently, the Merchants are paying Rs. 10 as MDR, with this change they will have to pay 11.8. Difference of Rs. 1.8 only.

Max 3.6 on the 2K transactions.


Which is not a challenge for anyone.


Anyways, if the merchant is GST registered, then they will get the Input Credit for the same. So no loss for them.

Deal Lieutenant Deal Lieutenant
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Last i heard this proposal has been postponed (on some youtube channel yesterday) - but this is not yet ditched


so we are safe for now

replyuser
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