| ITEM DESCRIPTION | UNIT | QTY | PRICE (₹) | DISC (₹) | TOTAL (₹) | DEL |
|---|
*Splits invoice into sub-₹2,000 QR codes to prevent banking app limits and gateway fees.
Total invoice settled with zero transaction failures.
Under Reserve Bank of India (RBI) circulars, the standard limit for P2P and standard P2M transactions is capped at ₹1,00,000 per 24 hours. Specific utility, insurance, and institutional merchants maintain elevated limits up to ₹5,00,000.
As per Ministry of Finance & NPCI directives, small merchant payments below ₹2,000 carry a 0% Merchant Discount Rate (MDR) for standard bank account UPI transfers. This splitting algorithm avoids gateway deductions.
Small businesses below standard turnover thresholds can operate tax-free without GST registration. Active businesses can apply 5% or 18% GST with full customer and shop audit records generated automatically.