The loss on the worthless items is reflected in the tax returns as a higher COGS. What expenses should be included in COGS? The cost of goods sold (COGS) is the cost of acquiring or manufacturing the ...

A new report suggests that by 2030 next-generation materials will constitute 8% of the overall fibre market, marking a ...

The Bill of Materials (BOM) is just a subset of the Cost of Goods Sold (COGS), and if you aren’t selling your product for more than your COGS, you will lose money and go out of business.

In the case of PCIT Vs Prabhat Agri Biotech Ltd., the Telangana High Court addressed the method of apportioning common expenditures between agricultural and trading activities. The assessee, engaged ...