Poonawalla fincorps
Poonawalla fincorps

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?

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



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