LatestIncome Tax 29 September 2026
Supreme Court Scrutinizes UPI MDR Fee, Rejects Stay
The Supreme Court issued notices to the Centre, RBI and NPCI, questioning the new UPI merchant discount rate (MDR) and rejecting a stay on its rollout. The ruling forces the government to justify the fee and could delay implementation.
The Supreme Court has asked the Centre, RBI and NPCI to explain the newly proposed UPI merchant discount rate (MDR) and refused to halt its rollout.
- Notices sent to all three parties
- MDR fee remains in effect while hearings continue
- Possible delay in implementation if fee is not justified
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