India’s planned rollout of merchant discount rate (MDR) charges on certain digital payments will be monitored closely to ensure users are not unfairly burdened, even as tax questions around the levy move toward the GST Council. Officials are also examining whether merchants may be able to use input tax credit, a development that could shape the economics of card and digital payment acceptance. The issue sits at the intersection of consumer protection, merchant costs and the government’s broader push to formalise digital transactions.
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"MDR Rollout to Be Closely Monitored as GST Tax Questions Move to Council"
India’s planned rollout of merchant discount rate (MDR) charges on certain digital payments will be monitored closely to ensure users are not unfairly burdened, even as tax questions around the levy move toward the GST Council. Officials are also examining whether merchants may be able to use input tax credit, a development that could shape the economics of card and digital payment acceptance. The issue sits at the intersection of consumer protection, merchant costs and the government’s broader push to formalise digital transactions.
MDR Rollout to Be Closely Monitored as GST Tax Questions Move to Council
R
RDU Global Wire
Banking, Fintech & Insurance Desk
New Delhi, India Just now (12:24 PM IST)•5 min read
India’s planned rollout of merchant discount rate (MDR) charges on certain digital payments will be monitored closely to ensure users are not unfairly burdened, even as tax questions around the levy move toward the GST Council. Officials are also examining whether merchants may be able to use input tax credit, a development that could shape the economics of card and digital payment acceptance. The issue sits at the intersection of consumer protection, merchant costs and the government’s broader push to formalise digital transactions.
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