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    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 тВ╣500 Correct Answer Incorrect Answer
    B тВ╣1,000 Correct Answer Incorrect Answer
    C тВ╣2,000 Correct Answer Incorrect Answer
    D тВ╣5,000 Correct Answer Incorrect Answer
    E тВ╣10,000 Correct Answer Incorrect Answer

    Solution

    The government maintains a zero-MDR policy for small-ticket UPI P2M transactions up to тВ╣2,000. Because the MDR is zero, no GST is applicable on the transfer service for transactions up to this limit.

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