HomeGSTGST Not Applicable on Bank Rebates from Corporate Card Payments: AAR 

GST Not Applicable on Bank Rebates from Corporate Card Payments: AAR 

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The Karnataka Authority for Advance Ruling (AAR) has held that rebates received from banks on corporate card transactions used for payment of excise duty do not attract Goods and Services Tax (GST).  The bench of Kalyanam Rajesh Rama Rao and Sivakumar S Itagi has observed that the rebate is granted post-transaction and is linked to…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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