GST on Credit Card Rewards Points
This query is : Resolved
Heer Holidays
(Querist)
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..
CA R SEETHARAMAN
(Expert)
28 June 2020
No GST applicable on such discount.
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