Cashback going to be Taxable with GST?

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Last Comment 2017-04-10

2017-04-10

I was discussing with my friends whether govt can levy a tax on cashback.
With the rollout of GST from 1st July, 2017 stakes are high for more inclusion in tax net.

Can anyone explain what makes cashback taxable or taxfree?
What can we hope for? sad

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https://www.desidime.com/discussions/cashback-going-to-be-taxable-with-gst?page=1#post_4129249

daydeals

2017-04-10

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Cashback is a loyalty program by companies to increase customer base. Govt takes taxes on selling of goods by e-commerce and that tax is collected from us(now).

I don’t think that cashbacks like schemes can come under GST.

https://www.desidime.com/discussions/cashback-going-to-be-taxable-with-gst?page=1#post_4129315

xuseronline

2017-04-10

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Let’s wait and watch.
House rent will be under GST… let’s see how the development goes.

https://www.desidime.com/discussions/cashback-going-to-be-taxable-with-gst?page=1#post_4129320

GoogleCA

2017-04-10

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Because that’s under Service Tax already.

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Tejaa

2017-04-10

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Every breath you take – oxygen will be taxed

https://www.desidime.com/discussions/cashback-going-to-be-taxable-with-gst?page=1#post_4129580

caks2006407

2017-04-10

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“Supply of goods or services to a related party without consideration, when made in the course of furtherance of business, is taxable under GST”
It will come under tax net as its a service by company to a customer.
Good for us as then only option left to companies will be to provide upfront discount.