However, if you intend to resell the cleaning supplies to your customers (that is, you are purchasing the supplies for your inventory), you may purchase the supplies without paying sales tax. A purchaser must give the seller the properly completed certificate within 90 days of the time the sale is made, but preferably at the time of the sale.Įxample: You purchase cleaning supplies, which are taxable, from a distributor. This includes most tangible personal property and some services. When an exemption certificate is neededĪ sales tax exemption certificate is needed in order to make tax-free purchases of items and services that are taxable. TSB-M-07(1)S, Electronic Resale and Exemption Documents for Sales and Compensating Use Taxes. For more information on e-certificates, see Sales tax exemption certificates may also be issued and accepted electronically. the various exemption certificates that are available.The seller keeps the certificate and may then sell property or services to the purchaser without charging sales tax. The purchaser fills out the certificate and gives it to the seller. Sales tax exemption certificates enable a purchaser to make tax-free purchases that would normally be subject to sales tax. Metropolitan transportation mobility taxĮxemption Certificates for Sales Tax Tax Bulletin ST-240 (TB-ST-240) Printer-Friendly Version (PDF) Issue Date: MaIntroduction.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |