https://www.taxtmi.com/caselaws?id=789347 Rebates received by an applicant from a bank for paying excise duty through a corporate card were treated as a post-transaction monetary adjustment, not as consideration for any independent supply of goods or services. The arrangement was viewed as a transaction in money under the CGST Act and therefore outside the scope of supply under section 7. It was also characterised as a short-term financial accommodation, with the rebate falling within the exemption for services by way of extending deposits, loans or advances where consideration is by interest or discount under Notification No. 12/2017-Central Tax (Rate). Accordingly, the rebates are not liable to GST. en-us Mon, 16 Mar 2026 00:00:00 +0530 Tue, 07 Apr 2026 07:48:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789347 Rebates received by an applicant from a bank for paying excise duty through a corporate card were treated as a post-transaction monetary adjustment, not as consideration for any independent supply of goods or services. The arrangement was viewed as a transaction in money under the CGST Act and therefore outside the scope of supply under section 7. It was also characterised as a short-term financial accommodation, with the rebate falling within the exemption for services by way of extending deposits, loans or advances where consideration is by interest or discount under Notification No. 12/2017-Central Tax (Rate). Accordingly, the rebates are not liable to GST. Case-Laws GST Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789347