LatestIncome Tax 29 September 2026
SC Rejects Stay on MDR for UPI Payments Over Rs 2000
The Supreme Court refused to stay the merchant discount rate (MDR) on UPI transactions above Rs 2000 and issued a notice to the Centre for clarification. The decision fuels debate on whether the charge is a tax or a fee and hints at fiscal effects on high‑value digital payments.
The Supreme Court declined to pause the newly announced merchant discount rate (MDR) for UPI payments exceeding Rs 2000, directing the Centre to explain the levy.
- MDR applies to high‑value digital transactions.
- Government argues it is a fee, while critics label it a tax.
- Potential impact on merchants and consumers as costs may rise.
Read the full story here.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.