The fuel that is purchased by filling stations is taxed by the distributor vs at the pump. (The tax is passed on to the consumer at the pump, but there is no tax filing requirement for the filling station.)
The filling station invoices show the cost of the fuel as well as the tax. Is the tax part of COGS or not? What's the standard in this specific industry?
The filling station invoices show the cost of the fuel as well as the tax. Is the tax part of COGS or not? What's the standard in this specific industry?