Sir
does the GST is applicable for cash back from Credit card providers?
Appreciate your earliest reply
Thanks & Regards
Jose
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Is GST applicable for Cash back on credit card
Replies (1)
No, GST is not applicable on cash back received from credit card providers because cash back is not considered as a supply of goods or services. Cashback is merely a reduction in the price of goods or services purchased using the credit card. Therefore, it is not liable to GST.
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