TaxTMI 
TaxTMI 
CASHBANK FROM BANK
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....ASHBANK FROM BANK<br> Query (Issue) Started By: - RAVI MUNDRA Dated:- 21-3-2025 Last Reply Date:- 23-3-2025 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>We are making payment of some expens....
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....es related to business via Corporate Credit Card. The bank gives us cashback of 1500 per month if we uses 100000 in a month. Cashback amount directly credited to our card and we can use this on next p....
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....ayment. Currently we are showing this as a Cashback income under other income head. As as corporate are we liable to for any GST Liability Reply By Sadanand Bulbule: The Reply: Mere cash tr....
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....ansactions towards " expenses" via Corporate Credit Card are outside the scope of "supply" under Section 7 of the GST Act. In a way, it is a motivational income for you for doing better business with ....
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....that Bank. Such income is not consideration as defined under Section 2 [31] and therefore it not liable for GST. Reply By Shilpi Jain: The Reply: There is no supply that you are making for getting t....
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....his cashback It is in the nature of a discount. Not liable to GST<br> Discussion Forum - Knowledge Sharing ....