Economy: Taxation & GST
If neither tax nor fee, what is this ‘expropriation’, Supreme Court asks Govt on UPI MDR charges
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The Supreme Court of India has refused to stay a government decision imposing a 0.4% Merchant Discount Rate (MDR) on specific Person-to-Merchant (P2M) Unified Payments Interface (UPI) transactions exceeding ₹2,000. However, the Court, questioning the legal nature of this charge, termed it a potential 'expropriation' since it is neither a tax nor a fee.
Source: The HinduRead the full story →