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.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
