Rs11.8 Fuel Surcharge for Rs.150 Petrol

[tamizhventhan]

Rs11.8 Fuel Surcharge for Rs.150 Petrol .Yes Bank Kiwi card. Shocked on seeing the transactions.

 

[helloworld]

AFAIR, since many years ...

When charging, Fuel surcharge will be 1% or 10rs. (whichever higher) + GST.

And during surcharge waiver, its 1% + GST.

Ex:

400 Fuel will charge you (1% or 10rs. + GST) = 11.8rs
1000 Fuel will charge you (1% or 10rs. + GST) = 11.8rs

and surcharge waiver works as

400 Fuel will give you 1% = 4rs
1000 Fuel will give you 1% = 10rs

(GST reversal depends on bank, look below thread for this)

Thread 'Credit cards which reverse Surcharge and GST on Fuel ⛽'

Nov 4, 2022

Most credit cards nowadays waive 1% fuel surcharge but not the GST (on that surcharge). But recently I came to know there is one credit card in my wallet which reverses the surcharge as well as GST. So, I thought there might be other cards out there which offer the same benefit. This will be beneficial for those who don't have fuel cashback credit cards (OR are not interested to get one). Spending on fuel using these cards you won't have to pay any extra charges whatsoever! Plus the added benefit of spending through a credit card and if you pay your bill using HDFC bill pay, it would be...

• 007
• Replies: 42
• Forum: Credit Card - General

• 
• 
• 

rule implemented in many years ago and applies all banks.

Sample content in MITC:

Fuel Surcharge waiver: GST on Fuel surcharge will not be reversed. The rate of surcharge may vary depending on the fuel station and their acquiring bank. The surcharge is levied by the acquiring bank providing the terminal to the merchant. The value on charge slip will differ from the credit card statement since the Surcharge & GST is levied by acquiring bank post the transaction. The 1% surcharge waiver (excluding GST) for eligible transactions would reflect separately in the monthly credit card statement.

 

[tamizhventhan]

I wish i should know it before the transaction

 

[Lobogris]

I wish i should know it before the transaction

So you know now. It only cost you Rs 11 to learn.