Cash back from credit cards
Bemax Academy (2 Points)
20 March 2023
is GST applicable for monthly cash back from Credit card
Bemax Academy (2 Points)
20 March 2023
CA Rakesh Ishi
(Working at Private Company)
(8200 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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