Is GST applicable for Cash back on credit card
Bemax Academy (2 Points)
18 March 2023does the GST is applicable for cash back from Credit card providers?
Appreciate your earliest reply
Thanks & Regards
Jose
Bemax Academy (2 Points)
18 March 2023
Prajjwal
(*)
(402 Points)
Replied 20 March 2023
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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