Rebate received on credit card payment
This query is : Resolved
05 June 2019
Whether rebate received from credit card company on payments made through the card considered supply under GST. Whether GST needs to be paid on it?
ADNAN HASAN
(Expert)
06 June 2019
Instant cashback and deferred cashback/rewards/ rebate (as in your case) are considered as a kind of discount. Expenses will be booked net of these rebates.
You need to set off expenses against these rewards and will not required report in GST
You need to set off expenses against these rewards and will not required report in GST
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