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.
Accounting for cashback received from paytm, freecharge etc.
Page no : 2
Yasaswi Gomes new
(Finance )
(4514 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.
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