This is an old question!! however a good one. If you have credits accumulated the treatment will be different. But if its just a cash back due to their offers, treat it as discount received.
Yasaswi Gomes new
(Finance )
(4487 Points)
Replied 13 October 2023
This is an old question!! however a good one. If you have credits accumulated the treatment will be different. But if its just a cash back due to their offers, treat it as discount received.
Yasaswi Gomes new
(Finance )
(4487 Points)
Replied 13 October 2023
Coming to think about it, even if it is credit accumulated or cash back, both must be shown as discount received. If there is a tax consequence on discount received then create a wallet ledger and report accordingly.
CAclubindia
