UPI Payment Alert: Merchants Face 18% GST but Can Claim ITC

Hey there, merchants! Starting October 15, if your UPI payments exceed ₹2,000, you’ll need to pay an 18% GST on the Merchant Discount Rate. But don’t worry! You can claim input tax credit to lighten the load. This change is all about boosting government revenue while keeping things friendly for businesses and customers. Let’s keep those payments rolling smoothly!