Dehradun Traders Oppose Proposed 0.4 Pc MDR on UPI Payments

Traders' organisations in Dehradun have opposed the proposed 0.4 per cent Merchant Discount Rate (MDR) on UPI payments above Rs 2,000, saying the move would impose an additional burden on businesses, and warned of agitation if implemented. 

The Doon Udyog Vyapar Mandal and other local traders' organisations said traders are already paying income tax and GST and would not be willing to bear an additional cost on UPI transactions.

Paras Gupta, President of Vyapar Mandal, Paltan Bazaar, said traders adopted



UPI payments following the government's push for digital transactions and transparency."Like the government has been saying from the start, we're going to accept UPI payments, do things online, and take online payments to bring in transparency. 

But even so, if the tax is just going to be on us-on the businessmen-and the businessmen are the ones who will suffer for it, just like we're already paying income tax and GST, and now we'll have to pay tax on UPI payments too... I strongly oppose this. I completely oppose it," Gupta said.