Does Gst applicable on cashback received on Credit Card?

Reply—A cash back credit card transaction is a transaction for which a cardholder receives a cash back credit. Some card companies have categories for which they reward their cardholders when they make purchases. For example, a cardholder may receive cash back whenever he or she shops for groceries or fuel.

GST is not applicable to the entire outstanding on credit cards. It is applicable only to fees and charges levied on credit cards. GST is not applicable on cash backs of credit card as it is neither fall under definition of goods nor services.