GST Council to take up proposal of MDR on UPI
GST Council is in focus in a taxation development.
· Business Today Mkts
Sources underline MDR is not a tax or cess levied by govt, to be used by payment…
The analysis
This is a Tax / tariff / duty event. Duty and incentive changes reset landed cost and competitive position immediately, and unlike demand shifts they arrive on a known date.
Why it matters
- Tax changes flow through to post-tax earnings and can shift the relative appeal of entire asset classes.
- With GST Council involved, this carries a regulatory dimension that can outlast the immediate market reaction.