Instructions for Form PPT-10 Petroleum Products Gross Receipts Tax Return - New Jersey

Form PPT-10 Schedule 1A Tax Free Purchases - New Jersey

This document contains official instructions for Form PPT-10 , Petroleum Products Gross Receipts Tax Return - a form released and collected by the New Jersey Department of the Treasury. An up-to-date fillable Form PPT-10 Schedule 1A is available for download through this link.

FAQ

Q: What is Form PPT-10?A: Form PPT-10 is the Petroleum Products Gross Receipts Tax Return.

Q: Who needs to file Form PPT-10?A: Any person or business in New Jersey engaged in the retail sale or distribution of petroleum products needs to file Form PPT-10.

Q: When is the due date for filing Form PPT-10?A: Form PPT-10 must be filed on a quarterly basis, with the due dates falling on the last day of April, July, October, and January.

Q: What information is required on Form PPT-10?A: Form PPT-10 requires information such as gross receipts from petroleum products sales, tax rates, and any applicable credits.

Q: Are there any penalties for not filing Form PPT-10?A: Yes, failure to file Form PPT-10 or pay the tax due can result in penalties and interest.

Q: Is there a minimum threshold for filing Form PPT-10?A: Yes, if your gross receipts from petroleum products sales are less than $10,000 annually, you are not required to file Form PPT-10.

Q: What should I do if I have questions or need assistance with Form PPT-10?A: You can contact the New Jersey Division of Taxation for assistance with Form PPT-10.