Goods bought with loyalty points will face tax under GST

Your shopping out of the accumulated loyalty or bonus points will face tax under the goods and services tax (GST) regime. GST would be levied on the total price of the product and not on the discounted value after adjusting the bonus, loyalty or rewards points. “Loyalty points are nothing but a mode of payment… GST must be paid on total value of supply irrespective of the fact that loyalty points…