CASHBANK FROM BANK

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..... CASHBANK FROM BANK
Query (Issue) Started By: - RAVI MUNDRA Dated:- 21-3-2025 Last Reply Date:- 22-3-2025 Goods and Services Tax - GST
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GST
We are making payment of some expense .....

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..... s 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 pa .....

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..... yment. 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 tra .....

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..... nsactions 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 bus .....

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..... iness with that Bank. Such income is not consideration as defined under Section 2 [31]  and therefore it not liable for GST.
Discussion Forum - Knowledge Sharing .....

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