Indiana Sales and Use Tax Voucher Instructions
Extracted from PDF file 2020-indiana-form-st-103-instructions.pdf, last modified February 2008
Sales and Use Tax Voucher InstructionsFor your records only. Do not send to the Indiana Department of Revenue. Amount of Tax Due Month Amount of Tax Paid Date Paid Check Number January February March April May June July August September October November December Sales Tax Vouchers and/or Electronic Funds Transfer Credit Recap Instructions for completing Form ST−103 Filing Status All 1. Total Sales − Enter the total sales from activities for the period specified on the form. Do not include any other periods of sales activities. Sales activities include retail, wholesale, manufacturing, and out−of−state sales. The figure entered on this line cannot include sales tax. 2. Exemptions/Deductions − Enter the total amount of exemptions and/or deductions for the period. 3. Taxable Sales − Subtract Line 2 from Line 1. 4. Total Tax Due − Multiply Line 3 by the Current Sales Tax Rate to compute the sales tax due. See the voucher for the current sales tax rate. 5. Discount (Collection Allowance) − Use this line only if your voucher is postmarked or your EFT payments were made on or before the due date. The discount is available only when the payment is remitted timely. Your collection allowance is .0083. It is based on your total sales tax liability accrued during July 1, 2006 through June 30, 2007. For further information, please refer to this Web site: www.in.gov/dor/reference/notices/pdfs/dn25.pdf Utilities are not eligible for the discount. 6. Use Tax Due − Use tax is due on any purchase(s) where no sales tax was paid and the property was not held for resale or for another exempt purpose. If an item is (a) removed from inventory for personal use, (b) used as a giveaway, or (c) used as a display model or promotional item not for sale, and no sales tax was paid when purchased, then use tax is due. Multiply your cost by the Current Use Tax Rate. See the voucher for the current use tax rate. 7. Interest Due − Payments made after the due date are subject to interest. Interest is computed from the tax due date to the date payment is made. Interest must be computed on the total of Line 4 plus Line 6. Do not compute interest on any late payment penalty entered on Line 8. If you make a late payment by EFT, do not calculate and enter interest due on this line. An assessment notice for late payment interest and penalty due will be issued automatically. 8. Penalty Due − Payments made after the due date are also subject to a 10 percent penalty. The penalty must be computed by multiplying 10 percent times the total of Line 4 plus Line 6, or $5.00, whichever is greater. Do not compute penalty on the interest amount due entered on Line 7. If you make a late payment by EFT, do not calculate and enter penalty on this line. An assessment notice for late payment interest and penalty will be issued automatically. EFT taxpayers do not use Line 7 or Line 8 to compute penalty and interest. 9. Payment Previously Made (EFT) − Enter the total amount paid by EFT for all months within the quarter. If you are mailing this recap before you have initiated the final EFT payment for the quarter, you should claim the EFT payment you will be initiating on this line. Do not enter the final EFT payment for the quarter on Line 10. 10. Amount Due − Add Lines 4, 6, 7 and 8 and subtract Lines 5 and 9. Pay this amount. Do not send cash. EFT taxpayers must remit payments on or before the due date specified by the department−assigned filing frequency. Although the EFT recap is filed quarterly, the payments may be due monthly by the twentieth or thirtieth depending on the filing frequency. If you begin paying by EFT in the middle of a quarter, only include the months paid by EFT on the recap. Interested in Filing Electronically or Online? Visit www.INtax.in.gov to learn about Indiana’s online filing program, INtax. You may register to file returns and make tax payments electronically online. INtax may be used to file taxes for Indiana sales tax, withholding tax, and tire fee. For information about Indiana’s other electronic payment options, visit www.in.gov/dor and select Electronic Services.
Form ST-103 Instructions
More about the Indiana Form ST-103 Instructions Sales Tax TY 2020
We last updated the Sales and Use Tax Voucher Instructions in March 2020, so this is the latest version of Form ST-103 Instructions, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form ST-103 Instructions directly from TaxFormFinder. You can print other Indiana tax forms here.
Other Indiana Sales Tax Forms:
|Form Code||Form Name|
|Form ST-105||Indiana General Sales Tax Exemption Certificate|
|Form ST-103 Instructions||Sales and Use Tax Voucher Instructions|
|Form NP-20A||Nonprofit Application for Sales Tax Exemption|
|Form ST-105D||Dealer-to-Dealer Resale Certificate of Sales Tax Exemption|
|Form ST-115||Consumer's Use Tax Return|
Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Form ST-103 Instructions from the Department of Revenue in March 2020.
About the Sales Tax
Sales taxes are applied to the transfer of goods (and sometimes services) to the end consumer in most of the fifty states, and are collected by the vendor from their customers and remitted to the state taxation department on a regular basis. Therefore, most sales tax related tax forms are applicable to businesses, and not private individuals.
While we do our best to keep our list of Indiana Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.