๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

  • google app store apple app store
  • โœ–

      Question

      Under current GST regulations and government incentive

      schemes, UPI transactions between a Person and a Merchant (P2M) via payment aggregators are exempt from Merchant Discount Rate (MDR) and GST up to what transaction limit?
      A โ‚น500 Correct Answer Incorrect Answer
      B โ‚น1,000 Correct Answer Incorrect Answer
      C โ‚น2,000 Correct Answer Incorrect Answer
      D โ‚น5,000 Correct Answer Incorrect Answer
      E โ‚น10,000 Correct Answer Incorrect Answer

      Solution

      The government maintains a zero-MDR policy for small-ticket UPI P2M transactions up to โ‚น2,000. Because the MDR is zero, no GST is applicable on the transfer service for transactions up to this limit.

      Practice Next

      Relevant for Exams:

      ask-question