Cash back from credit cards
Bemax Academy (2 Points)
20 March 2023
is GST applicable for monthly cash back from Credit card
1 Replies
CA Rakesh Ishi
(Working at Private Company)
(8637 Points)
Replied 20 March 2023
No, GST is not applicable on the monthly cashback received from a credit card. Cashback is treated as a reduction in the price of the goods or services purchased and not as an additional supply of goods or services. Therefore, it is not considered as a taxable supply under the Goods and Services Tax (GST) regime.
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