Instructions And Essential Information For Form St-388 (Rev. 9/30/99) Page 3
ADVERTISEMENT
1
2
3PENALTY FOR FAILURE TO PAY TAX DUE: One-half of one percent
CORRESPONDENCE WITH THE
(.005) of the amount of tax due (from line 6 on the front of the return) for
SOUTH CAROLINA DEPARTMENT OF REVENUE
each month or fraction of a month of delinquency, not to exceed a total of
twenty-five percent (.25) of the amount of tax due. Penalty for failure to file
When writing to the South Carolina Department of Revenue, always
and pay must be combined and entered as one figure.
indicate your retail license number clearly. Do not mail correspondence
with your return. Mail it separately to:
INTEREST: Interest is assessed in accordance with Sections 6621 and
6622 of the Internal Revenue Code. Rates are based on the prime rate
SOUTH CAROLINA DEPARTMENT OF REVENUE
and subject to change quarterly, and are compounded daily.
SALES TAX
COLUMBIA, SOUTH CAROLINA 29214-0101
Line 8
TOTAL SALES AND USE TAX DUE: Enter the totals of lines 6
and 7.
ATTENTION RENTAL AGENCIES: If you are a licensed retailer with
INSTRUCTIONS FOR ACCOMMODATIONS TAX
multiple rentals of accommodations for various cities or counties, Form
LINES 9 THROUGH 16
ST-3T (Schedule A) is required. Please call (803) 898-5788 for
additional information.
The sales tax (5%) and the accommodation tax (2%) and local taxes
(1%) must be separately listed on the tax return.
Line 9
GROSS PROCEEDS OF SALES FROM THE RENTAL OF
TRANSIENT ACCOMMODATIONS: Enter the amount from line 6 of your
worksheet (from the reverse side of your return).
Note: Remember to include Accommodations Proceeds in Line 1 Sales
and Use Tax Section.
Line 10 TOTAL AMOUNT OF DEDUCTIONS: Enter the total of line 8
from your worksheet.
Line 11 NET TAXABLE SALES: Subtract line 10 from line 9.
Line 12 TAX DUE: Multiply line 11 X 2% (.02).
Line 13 TAXPAYER'S DISCOUNT: Use the same discount rate from
line 5.
Line 14 ACCOMMODATIONS NET AMOUNT PAYABLE: Subtract line
13 from line 12.
Line 15 TOTAL PENALTY AND INTEREST: Enter the total amount of
penalty and interest. See instructions on line 7.
Line 16 TOTAL ACCOMMODATIONS TAX DUE: Add lines 14 and 15.
INSTRUCTIONS FOR LOCAL TAXES
LINES 17 THROUGH 19
Be sure the Form ST-389 is completed, if applicable, before making
entries on front of Form ST-388. If not applicable, please leave blank.
If you are required to use Form ST-389, verifty that line 17 agrees with the
total on Form ST-389 prior to submitting both forms.
Line 17 TOTAL NET AMOUNT PAYABLE OF ALL LOCAL TAXES:
Enter total of line 2 from bottom of page 2 on Form ST-389.
Line 18 TOTAL PENALTY AND INTEREST: Enter the totals of penalty
and interest. Your calculations will be applied to tax due from
line 17. See instructions for line 7 above.
Line 19 TOTAL LOCAL TAXES DUE: Enter the totals of lines 17 and
18.
TOTAL TAXES DUE
Line 20 TOTAL REMITTANCE: Total of lines 8, 16, and 19.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial