Instructions For Completion Of Sales And Use Tax Report - State Of Louisiana (Page 3 of 3) in pdf

Instructions For Completion Of Sales And Use Tax Report - State Of Louisiana Page 3

LINE 16(a.) Sales of Food & Prescription Drugs: Sales of food and prescription drugs inside

the City of Winnfield only.

LINE 16(b.) Multiply amount from line 16(a.) by City of Winnfield tax rate (1.50%).

LINE 16(c.) Subtract amount on Line 16(b.) from Line 16.

LINE 17. Excess Tax Collected: If the total sales tax collected exceeds the amount on Line

16 you must report the excess tax collected.

LINE 18. Total: Add lines 16 and 17.

LINE 19. Vendor s Compensation: A 2% discount is allowed to compensate the dealer in

accounting for and remitting the tax on a timely basis. Such compensation is

allowed only when report and payment is not delinquent.

LINE 20. Net Tax Due: Subtract line 19 from line 18.

LINE 21. Delinquent Penalty: Penalty at 5% for each 30 days or fraction thereof of

delinquency, not to exceed 25%, must be calculated on the amount due if

delinquent. A report is due on the 20th day of the month following the period

covered and becomes delinquent if not transmitted on or before the 20th day.

Penalty is calculated from the due date until paid.

LINE 22. Interest: Interest at ½% per month (6% APR) on the amount due if delinquent,

from the due date (20th) until paid.

LINE 23. Total Tax, Penalty and Interest: Add lines 20, 21 and 22.

LINE 24. Tax Debit or Credit: A debit or credit memo issued by Winn Parish Sales Tax

Office must be attached to your report. No unauthorized debits or credits may

be taken here.

LINE 25. Total Amount Due: Line 23 plus or minus line 24.

LINE 26. Remittance Attached: Remit the amount from Column A or Column B - Line 25.

Important: Before mailing the return, be sure the following information is on the return:

1. Correct Account Number (Winn Parish number and not State number)

2. Business Name

3. Period Covered (Top of the return)

4. Signature

5. Date

Instructions For Completion Of Sales And Use Tax Report - State Of Louisiana Page 3