GENERAL17 Sept 2026
Delhi merchants up in arms, say MDR on UPI could mark return to cash
New charges on UPI, the Unified Payments Interface, for high-value merchant payments have upset Delhi retailers. Some shopkeepers say the extra cost may push them back to cash to protect their margins. If you run a business and accept UPI, watch how these charges affect your costs, and review your settlement statements. Speak to your accountant before changing how you collect payments.
Key Statutory Highlights
- New UPI charges apply to high-value merchant payments.
- Delhi retailers are worried the charges will hurt their profit margins.
- Some shopkeepers are considering shifting to cash to protect their margins.
Actionable Advice for Taxpayers / Founders:Check your UPI settlement statements and merchant charges, and discuss with your accountant how these new charges affect your pricing before you change the way you accept payments.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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