How is excise duty on credit card spends calculated and who pays it?

Excise duty on credit card transactions was abolished in 2016, so you should not see any excise duty charges on your credit card statement. What you might be seeing is the GST charge of 18% on certain fees like annual fees, add-on card fees, and cash advance charges. There is no excise duty on regular spends.

Excise duty on credit card transactions was abolished in 2016, so you should not see any excise duty charges on your credit card statement. What you might be seeing is the GST charge of 18% on certain fees like annual fees, add-on card fees, and cash advance charges. There is no excise duty on regular spends.

Excise duty on credit card transactions was abolished in 2016, so you should not see any excise duty charges on your credit card statement. What you might be seeing is the GST charge of 18% on certain fees like annual fees, add-on card fees, and cash advance charges. There is no excise duty on regular spends.

Some older cardholders may still see legacy entries, but excise duty was removed in Budget 2016. If you see what appears to be excise duty, check your statement more carefully — it is likely the 18% GST that applies to fees and financial services.

Some older cardholders may still see legacy entries, but excise duty was removed in Budget 2016. If you see what appears to be excise duty, check your statement more carefully — it is likely the 18% GST that applies to fees and financial services.

Some older cardholders may still see legacy entries, but excise duty was removed in Budget 2016. If you see what appears to be excise duty, check your statement more carefully — it is likely the 18% GST that applies to fees and financial services.