Lok Sabha passes tax bill with MDR-free UPI for consumers and small merchants
On Monday, the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026 after the Rajya Sabha returned it with recommendations. Finance Minister Nirmala Sitharaman assured no MDR charges on UPI for consumers and small merchants, stating that the amendment is an enabling provision without imposing taxes or transaction fees. The bill includes tax exemptions for data centers, incentives for diamond trading, and measures to support electronics manufacturing. It aims to improve business ease and attract investment.
6 AUG 2026
— The Hindu
Lok Sabha Passes Bill Allowing Fees on UPI and Other Electronic Payments
— NDTV
The Lok Sabha passed a bill amending the Payment and Settlement Systems Act to allow banks and providers to charge fees on UPI and other electronic payments.
10 AUG 2026
· THIS STORY — NDTV
The Rajya Sabha approved the Taxation and Other Laws (Amendment) Bill, 2026, with recommendations, including assurances from the Finance Minister that UPI charges will not be levied.
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