Form As 2915.1 - Sales And Use Tax Monthly Return - Puerto Rico Department Of The Treasury Page 4

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Form AS 2915.1
Rev. Sep 30 14
Instructions - Page 3
Line 13 – Amount Subject to Sales and Use Tax
Line 16(c) – Total Available Credit
Indicate the sum of lines 2(d) and 7.
Enter the sum of lines 16(a) and 16(b).
Line 14 – Amount of Tax Determined
Line 16(d) – Amount of Credit Used in this Return
Use this line to calculate the 6% tax. Multiply the amount reflected on line 13 by .06
Enter the smaller of line 16(c) or line 14.
and enter the result here.
Line 17 – Tax Liability
Line 15 – Credit from Sale of Merchant’s Property
Subtract lines 15(d) and 16(d) from line 14 and enter the result here.
A registered merchant who has purchased a taxable item for his own use, consumption
or storage, and who has paid the sales and use tax and subsequently sells such item
Line 18 – Credit for Taxes Paid by Merchant in the Import of Inventory for
without using it, will be entitled to a credit for the amount paid on account of the use tax
Resale
on the taxable item.
Any registered merchant who holds a valid Reseller Certificate at the date of filing may
Line 15(a) – Amount of credit from sales made during the period
claim a credit for the amount of use tax paid in the introduction of taxable items for resale.
Indicate the total amount of credit from the sale of merchant’s property if meeting the
Line 18(a) – Amount paid for import of inventory for resale
requirements set forth in Section 4050.02 of the Code.
Enter the amount paid of use tax on taxable items imported to Puerto Rico for
Line 15(b) – Excess credit from prior periods
resale. This amount shall be the same as the amount reflected on line 8(b) of the Tax
on Imports Monthly Return (Form AS 2915.1 D) filed for the same period you are filing
Enter the amount of credit available from prior periods from the sale of merchant’s
this return.
property that has been claimed and not used according to Section 4050.02(b) of the
Code. This amount shall be the same as the amount reflected on line 30 of the Sales
Line 18(b) – Excess credit from prior periods
and Use Tax Monthly Return for the previous period.
Enter the amount of credit available from prior periods for use tax on taxable items
Line 15(c) – Total Available Credit
imported to Puerto Rico for resale that has been claimed and not used in the
previous period, pursuant to Section 4050.04(b) of the Code. This amount shall be
Enter the sum of lines 15(a) and 15(b).
the same as the amount reflected on line 32 of the Sales and Use Tax Monthly Return
for the previous period.
Line 15(d) – Amount of Credit Used in this Return
Line 18(c) – Amount paid in excess in the Tax on Imports Monthly Return
Enter the smaller of line 15(c) or line 14.
credited to this return (Line 17A of Form AS 2915.1 D)
Line 16 – Credit for Bad Debts
Enter the amount paid in excess in the Tax on Imports Monthly Return (Form AS
2915.1 D), line 17A.
A merchant who has paid the SUT on taxable items under the accrual method, may
claim a credit in the Sales and Use Tax Monthly Return, for those taxes paid by the
Line 18(d) – Total Available Credit
merchant on uncollectible accounts.
Enter the sum of lines 18(a) through 18(c).
When a merchant has paid the SUT on a taxable item sold and repossesses (with or
without judicial process) the taxable item, he may claim a credit on the subsequent
Line 18(e) – Amount of Credit Used in this Return
Sales and Use Tax Monthly Return, for an amount equal to the taxes attributable to
the unpaid balance due that becomes uncollectible.
Enter the smaller of line 18(d) or 75% of line 17.
In case of recovery of uncollectible accounts for which the merchant has claimed a
Line 19 – Credit for Taxes Paid Between Merchants for Purchase of Inventory
credit, the recovered amount shall be included as “gross sale” on the subsequent
for Resale
Sales and Use Tax Monthly Return filed after such recovery, and the merchant shall
pay the appropriate tax.
Any registered merchant who holds a valid Reseller Certificate at the date of filing may
claim a credit for the amount of tax paid in the purchase of taxable items for resale.
In order to determine the amount of credit, only the use of the direct write-off method will be
allowed. Therefore, the use of the reserve method will not be allowed for these purposes.
Line 19(a) – Amount paid for purchase of inventory for resale
Line 16(a) – Amount of credit from sales made during the period
Multiply line 1(b) by 6% and enter the result here.
Enter the total amount of credit for bad debts if you meet the requirements of Section
Line 19(b) – Excess of credit from prior periods
4050.03 of the Code.
Enter the amount of credit available from prior periods for taxes paid in the purchase
Line 16(b) – Excess credit from prior periods
of taxable items for resale that has been claimed and not used in the previous period,
pursuant to Section 4050.04(b) of the Code. This amount shall be the same as the
Enter the amount of credit available from prior periods for credit from bad debts that
amount reflected on line 33 of the Sales and Use Tax Monthly Return for the previous
has been claimed and not used in the previous period, pursuant to Section 4050.03(b)
period.
of the Code. This amount shall be the same as the amount reflected on line 31 of the
Sales and Use Tax Monthly Return for the previous period.
Line 19(c) – Total Available Credit
Enter the sum of lines 19(a) and 19(b).

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