Is interest of a business unit Operating Expense or Non
Operating Expense
Answer / Km. Rubi
Interest paid by a business unit is generally considered an Operating Expense, as it is a cost incurred in the normal course of running the business.
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We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.