Form 31-089 - Monthly Deposit Worksheet, Quarterly Return Worksheet Page 4
ADVERTISEMENT
1
2
3
4SALES TAX RETURN INSTRUCTIONS
1. Gross Sales: Enter your total gross sales for the entire
cities participating and should be reported on a county-by-
quarter on line 1. DO NOT INCLUDE THE SALES TAX
county basis.
COLLECTED ON TAXABLE SALES ON THIS LINE.
6c. Total School Local Option Sales Tax: You must com-
2. Goods Consumed: Enter your total goods consumed for
plete the section on the reverse side of the return if you
the entire quarter. Goods consumed are items that you
made sales into a school local option jurisdiction. Do not
originally purchased tax free for direct resale or to be
report school local option tax as one lump sum for the
incorporated into a product for resale, but instead were
entire state. Do not report the tax city-by-city. It is a county
used by you. The amount is the original cost paid by you
tax and should be reported on a county-by-county basis.
to your supplier.
8. Deposits and Overpayment Credits: If you made deposits
Example: A hair salon purchases bottles of shampoo to be
prior to filing this return and/or if you overpaid on a
sold out of their display case. The salon did not pay sales
previous return and want that amount credited to your
tax to its supplier since it intends to directly resell the
account, place that amount here.
shampoo. However, several bottles were taken out of
9. Balance: Subtract line 8 from line 7 and enter the balance.
inventory and used in the performance of their service.
If line 8 is greater than line 7, the amount is an overpay-
The shampoo that was used is goods consumed. The salon
ment. If you prefer a refund, enter the word “refund” on
must report the price it paid to its supplier on line 2.
line 12; a refund will be issued; do not take a credit on your
Example: A clothing store purchases suits tax free for
next return. If you prefer a credit, write the word “credit”
resale. The owner of the store needs a new suit. The suit
on line 12.
removed from inventory is goods consumed and the price
10. Penalty: Penalty for not filing the return on time: If you
the owner paid to the supplier must be reported on line 2.
do not file the deposit or return on time and do not have
Example (not goods consumed): A person who makes
90% of the correct amount of tax paid by the due date, add
craft items to be sold at craft shows does not pay sales tax
10% of the tax not paid by the due date.
to suppliers for materials. These materials are incorpo-
Penalty for not paying the tax on time: If you do not pay at
rated into the craft items to be sold. They are not goods
least 90% of the correct amount of tax by the due date, add
consumed and should not be reported on line 2.
5% of the tax not paid by the due date.
4. Exemptions: Enter your total exemptions for the entire
Penalties can be waived only under special circumstances.
quarter. Exemptions are sales made by you on which tax
If more than one penalty applies, the 10% penalty is the
was not required to be charged. A worksheet is provided.
only one charged.
6b. Total Local Option Sales Tax: You must complete the
11. Interest: Any fraction of a month is considered as a
section on the reverse side of the return if you made sales
whole month. Interest accrues on the unpaid tax from
into a local option jurisdiction. Do not report local option
the due date of the return. Check our Web site for rates.
tax as one lump sum for the entire state. Also, do not
Interest cannot be waived.
report the tax city-by-city. It is a county tax with certain
STEPS FOR FILING MONTHLY DEPOSITS AND QUARTERLY RETURN
Because you are a monthly filer, you are required to complete and send two monthly deposit coupons and one quarterly return
each quarter. Here are the three steps you will follow to report and pay sales tax.
Step 1. The first month of the quarter you will separately list the amount of the 5 percent sales tax, the amount of local
option tax, and the amount of school local option tax. Add the amounts on lines 1, 2, and 3, and place that total on line 4
of your first month’s deposit. Do not send detailed local option information with your monthly deposit. A local
option schedule with a county-by-county list will be completed on the quarterly return (Step 3). Also, Gross Sales, Goods
Consumed, and Exemptions are reported on the quarterly return only, not on the monthly deposit. If applicable, enter
penalty and interest on lines 5 and 6 (see instructions for lines 10 and 11 of quarterly return). Add lines 4, 5, and 6, and
enter Total Amount Due on line 7.
Step 2. For the second month of the quarter, you will repeat Step 1.
Step 3. For the third month of the quarter, you will complete the quarterly sales tax return. All amounts on lines 1 through 7
of the quarterly return will be totals for the entire quarter. Concerning local option taxes, you will add the local option sales tax
for all three months of the quarter and place that amount on line 6b. Also add the school local option tax for all three months of
the quarter and place that amount on line 6c. Be sure to complete the detailed local option and school local option return on the
back of the quarterly return.
31-089 rf01f 03/04/04
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial