There should be no GST on MDR for UPI transactions: C. Rangarajan

There should be no GST on MDR for UPI transactions: C. Rangarajan left Dignitaries at the launch of the book, Cashless Nation: How UPI Changed Everything, in the city on Monday. B. VELANKANNI RAJ The Hindu https://th-i.thgim.com/public/incoming/3y6hga/article71548841.ece/alternates/FREE_1200/BVR_4911.JPG VELANKANNI RAJ B CHENNAI, TAMIL NADU, 05/10/2026 : Dr. C. Rangarajan, Former Governor, Reserve Bank of India, Dr. Soumya Swaminathan, Former Chief Scientist, World Health Organization, V.Kamakoti, Director, IIT,Madras, also Releasing book of Cashless Nation, How UPI Changed Everything at IIT,Madras on Monday. Photo : Velankanni Raj B/ THE HINDU Chennai The GST Council should come out with a clear statement that it would not levy tax on the Merchant Discount Rate (MDR) fees to be paid by the merchants for UPI transactions above ₹2,000, C. Rangarajan, former Governor, Reserve Bank of India, said here on Monday.