Supreme Court Issues Notice to Govt, RBI & NPCI Over ₹2,000 MDR Levy

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The Supreme Court of India has issued notice to the Union of India, Reserve Bank of India and the National Payments Corporation of India (NPCI) in a challenge to the proposed processing fee to be imposed on transactions above Rs 2000 on the Unified Payments Interface (UPI). While refusing a request to stay the UPI Merchant Discount Rate (MDR) proposal, a three-judge bench of the top court led by Chief Justice Surya Kant, sought a better legal understanding of the proposed levy, on how it will be taxed, where the tax incidence arises and on whom the tax incidence falls. #supremecourt #mdr #business #ndtvprofit For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-reports Follow NDTV Profit here Twitter: https://twitter.com/NDTVProfitIndia , https://twitter.com/NDTVProfit LinkedIn: https://w

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