Truetal Knowledge Hub

Payments & UPI guides.

GST, e-invoicing, input tax credit and accounting—explained in plain English, with technical detail and worked examples.

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Diagram showing a ₹10,000 UPI customer payment flowing through a payment processor that deducts MDR and GST-on-fee separately, before net settlement reaches the merchant bank account.

Payments & UPI

UPI MDR Is Back: Does GST Apply to the ₹2,000+ Payment or Only to the Merchant Fee?

The new UPI framework applies a small MDR only to specified merchant transactions above ₹2,000. Here is exactly where GST sits — on the fee, never on the customer’s payment — and how to book it.

23 Sept 2026

A ledger icon representing the bridge between a customer invoice, a settlement clearing account, and the final bank credit.

Payments & UPI

Customer Paid ₹10,000 by UPI but Bank Credited Less: The Correct Accounting and GST Reconciliation

A gross-to-net gap between your invoice and your bank credit is normal once payment-processor fees enter the picture. Here is the entry that keeps your revenue, receivable and ITC all correct.

23 Sept 2026

UPI MDR Is Back: Does GST Apply to the ₹2,000+ Payment or Only to the Merchant Fee?

Customer Paid ₹10,000 by UPI but Bank Credited Less: The Correct Accounting and GST Reconciliation

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