S&u-7 Filing Sales & Use Tax Returns - New Jersey Department Of The Treasury (Page 6 of 12) in pdf

S&u-7 Filing Sales & Use Tax Returns - New Jersey Department Of The Treasury Page 6

Bulletin S&U-7

1 0 1 1 0 0

0 0

1. Gross Receipts for Quarter

(To Nearest Dollar)

1 0 5 0 0

0 0

2. Deductions

State of New Jersey— Sales and Use Tax— Quarterly Return

(To Nearest Dollar)

FOR QUARTER ENDING

THIS RETURN DUE

9 0 6 0 0

0 0

3. Balance Subject to Tax

JUNE 30

JULY 20

(Line 1 minus Line 2)

5 4 3 6

0 0

4. Sales Tax Due

(See Instructions for rate)

223-441-234/000

VALL

5. Use Tax Due

6. Total Tax Due

5 4 3 6

0 0

VALLEY AUTO RENTAL AGENCY, INC.

(Line 4 plus Line 5)

668 FAIRWAY AVE

1 8 6 0

0 0

7. Total Monthly Payments

HILLSDALE NJ 07642

V O I D

8. Quarterly Amount Due

3 5 7 6

0 0

(Line 6 minus Line 7)

Sales & Use Tax

Make Checks Payable To

9. Penalty and Interest

CN 999

Be sure return address is displayed

Trenton, NJ 08646-0999

10. Adjusted Amount Due

through window envelope

3 5 7 6

0 0

(Line 8 plus Line 9)

ST-50

Correcting Errors on Your Return

When you file your return for the quarter ending

September 30, you will reflect the overpayment

Errors on monthly returns (Forms ST-51) are

of sales tax resulting from the returned item by

adjusted on the next quarterly return (Form

including a deduction of $500 on line 2 of Form

ST-50). When a mistake occurs on a quarterly

ST-50. This reduces your quarterly taxable

return, file an Amended Quarterly Sales Tax

receipts on Line 3 from $39,495 to $38,995 and

Return (Form ST-607A). Also, file a Claim for

your tax liability for the quarter from $2,370 to

Refund (Form A-3730) with the amendment if

$2,340. The balance due with the return is then

the correction results in an overpayment of tax

$2,340 less $1,720 = $620, not $650.

for the quarter.

Suppose you forgot to include the $500 deduc-

Example

tion for the returned item when you filed your

You remit $975 in sales tax with your July

quarterly return. Your Form ST-50 will show a

monthly return (Form ST-51) and $745 for

tax liability for the quarter of $2,370. If you sub-

August, for total monthly payments of $1,720.

tract monthly payments of $1,720 and remit the

In September, you collect $650 in sales tax and

$650 due, your account will be overpaid. To

refund $30 in sales tax to a customer who

correct the mistake, file an Amended Quarterly

returned an item purchased in July for $500.

Sales Tax Return (Form ST-607A) showing the

correct figures and submit a claim for a $30 re-

fund on Form A-3730.

Rev. 2/97

S&u-7 Filing Sales & Use Tax Returns - New Jersey Department Of The Treasury Page 6

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