A good mix might be 50k of any credit card payment and other 50k genuine payments.
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BharatNXT: Best App for Rent Payment with Credit Card!! (@1.59% charges)
- Thread starter SiddharthR
- Start date
A good mix might be 50k of any credit card payment and other 50k genuine payments.
rdargar
TF Select
No tax implication , if you are using online medium and the transfer is of exactly the same amount (No commision etc)
kiran.62502
TF Buzz
How did you add a credit card number for payment...as of i know it allows only bank account details to add......
Their system has an option u have to key in acc no and ifsc they will validate name with 1rupee so they did that and got name as credit card and I made 3 times paid to that card and got success credits in card account
But when you are transferring money via BharatNXT to your own account, it means you are receiving business payments on your credit card. Whenever there is an IT scrutiny, this will definitely be one of the things they check. I would suggest perform only genuine transactions using BharatNXT.
Yes I did some calculations as per my ITR and I used only for March month
No plans to do more
SiddharthR
TF Legend
Dear TF community members,
I wanted to take a moment to express my gratitude to all of you who used my referral code while signing up for the BharatNXT app. Your support and trust mean a lot to me, and I appreciate your willingness to give the app a chance based on my recommendation.
Thanks to your participation, I have been able to enjoy some great benefits from the referral program, and I hope you have too.
It's been a pleasure to be a part of this community, and I'm grateful to have you all in my life. Please know that I will continue to be available to support you in any way that I can, and I hope to see you all soon.
Thank you again for your support, and I look forward to staying in touch!
Best regards,
@SiddharthR
(Credit: ChatGPT) It's like a asterisk which u don't notice sometimes, but imp to say.
I wanted to take a moment to express my gratitude to all of you who used my referral code while signing up for the BharatNXT app. Your support and trust mean a lot to me, and I appreciate your willingness to give the app a chance based on my recommendation.
Thanks to your participation, I have been able to enjoy some great benefits from the referral program, and I hope you have too.
It's been a pleasure to be a part of this community, and I'm grateful to have you all in my life. Please know that I will continue to be available to support you in any way that I can, and I hope to see you all soon.
Thank you again for your support, and I look forward to staying in touch!
Best regards,
@SiddharthR
(Credit: ChatGPT) It's like a asterisk which u don't notice sometimes, but imp to say.
satish0987
TF Ace
Bro wt happened to BharatNxt app...I can't see credit card to bank transfer option...i see new options now...can you clarify ..i m normal user..no shop nothing
SiddharthR
TF Legend
I think u can still use that below Rs 20L in a financial year in Vendor category as above that u (to the person u're paying) will need to get GSTIN. I transferred my business payments from UPI to Credit Cards. Anyone wise can share his thoughts for the above query.
@CA Karan Agarwal
If you pay more than 20Lacs (40 lacs in case of goods) to single merchant's account then other person will become liable to obtain GST registration. Not only this income tax complications will also add up for the receiver.
SiddharthR
TF Legend
What about the payer? Won't he also need GSTIN if he pays more than 20L/40L to any number of merchant? (As payer is also doing sale of 20L/40L)
Gst registration is dependent on outward supply/sales of 20/40 lacs.
Technically a person paying more than 20/40 lacs will also have sales turnover more than threshold limit hence will become liable to pay gst.
All this depends on whether its a genuine sale purchase transaction or is it a merely money rotation and department's stand on it.
Normal loan transactions are outside the scope of gst
SiddharthR
TF Legend
IDFC First Power Credit Card: 2.5% reward points upto ₹4K/month on Utilities (₹1.6L/month)
IDFC First Power Plus Credit Card: 5% reward points upto ₹2K/month on Utilities (₹40K/month)
Fuel Credit Card - Apply for HPCL Credit Card Online | IDFC FIRST Bank
FIRST Power & Power+ Credit Cards are fuel cards from IDFC FIRST Bank. Enjoy savings on fuel expenses, fastag rewards, cashbacks, roadside assistance and more.
Apply from Zingoy/CashKaro to get ₹1040/₹250 respectively. (Don't know if u'll get it or not, as it's a new card)
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Can wealth be converted to power variant?
4k is a great deal
SiddharthR
TF Legend
This will be, most probably, my first IDFC bank CC. Hence, no idea
But do you think that realistically we can use it for 1.6Lakhs of utilities to get 4K cash back?
That's quite a big amount.
Not all months then our card gets blocked
Twice in a year like March and September
SiddharthR
TF Legend
Then u can consider taking Plus variant
SiddharthR
TF Legend
Update:
Classic Pay Charges Increased from 1.53% to 1.59% (inc. GST)
Party Over for New Users as Refferal Benefits changed.
Now no use of BharatNXT for most of the new TF Community Members 🤣
satish0987
TF Ace
Wt exactly changed bro?
I have 270+ Bharat cash
From TDY BharatNxt cash can be used
I will empty my Bharat cash and uninstall app 😅