Instructions for Form ST-103 "Sales Tax Vouchers and/Or Electronic Funds Transfer Credit Recap" - Indiana

This document contains official instructions for Form ST-103, Sales Tax Vouchers and/Or Electronic Funds Transfer Credit Recap - a form released and collected by the Indiana Department of Revenue.

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Download Instructions for Form ST-103 "Sales Tax Vouchers and/Or Electronic Funds Transfer Credit Recap" - Indiana

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For your records only. Do not send to the Indiana Department of Revenue.
Amount of
Amount of
Check Number
Date Paid
Month
Tax Due
Tax Paid
January
February
March
April
May
June
July
August
September
October
November
December
Sales Tax Vouchers and/or Electronic Funds Transfer Credit Recap
Filing Status
All
Instructions for completing Form ST−103
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.
Do not send cash.
10. Amount Due − Add Lines 4, 6, 7 and 8 and subtract Lines 5 and 9. Pay this amount.
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.
For your records only. Do not send to the Indiana Department of Revenue.
Amount of
Amount of
Check Number
Date Paid
Month
Tax Due
Tax Paid
January
February
March
April
May
June
July
August
September
October
November
December
Sales Tax Vouchers and/or Electronic Funds Transfer Credit Recap
Filing Status
All
Instructions for completing Form ST−103
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.
Do not send cash.
10. Amount Due − Add Lines 4, 6, 7 and 8 and subtract Lines 5 and 9. Pay this amount.
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.