A retail store which sales lottery in Ontario, and ONTARIO LOTTERY will pay the store commission in the name of a discount. for example, on Dec 06, the store sold on-line products $1,429.2, instant products $1,869 , commission is $334.95. ONTARIO LOTTERY charged the store 1429.2+1869-334.95= $2963.25,
do I need to record all transactions? because lottery sales in Canada are tax-free, but I am not sure the commission is tax-free or not.
If needed, how can I record the transactions?
At now, just for reconciliation, I just recorded ONTARIO LOTTERY charges and did not record commission.