GST on Credit Card Rewards Points
This query is : Resolved
28 June 2020
I am a Travel Consultant and some of the Bank are are giving statement credit against rewards points redemption in credit card. Now the point is that do we have to pay GST on the Statement credit or Bank is already paying GST on the amount by reverse calculation..
28 June 2020
No GST applicable on such discount.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TWO FIRM NAME IN ONE GST NUMBER
- ITR -1 Filing
- Section 54 f disallowed will be taxed at what rate
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Trust 10AB form required for old asst. years?
- Eway issued more than one
- Rebate u/s 87A under old regime - LTCG u/s 112A
- SEA GOING ALLOWANCE
- Long term capital gain exemption on sale of mutual funds
- IGST Refund pending since June 2022.
- Pension Misclassification and Correction in Filed ITRs
- Gratuity payment criteria
- Procedure and Documents Required for Release of FD from DVAT
- How to rectify gstr1 credit note
- Non- payment of GST on supply of services- reg
- Other party gstin shown on my login id
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Query on TDS Section 194H
- Fees amount transfer procedure for two doctors
Trending Online Classes
CAclubindia
