Form 32-003 - Retailer'S Use Tax Annual Return
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1
2AMENDED SALES TAX RETURN INSTRUCTIONS
Keep this worksheet for your records. Write your permit number
1. Gross Sales: Enter your total gross sales for the entire period on line
and filing period here. ______________________________
1. DO NOT INCLUDE THE SALES TAX COLLECTED ON TAXABLE
SALES ON THIS LINE.
SALES TAX WORKSHEET
2. Goods Consumed: Enter your total goods consumed for the entire
period. Goods consumed are items that you originally purchased tax
1 Gross Sales for entire period
free for direct resale or to be incorporated into a product for resale, but
2 Goods Consumed for entire period
instead were used by you. The amount is the original cost paid by you
to your supplier.
3 Total (add lines 1 and 2)
Example: A hair salon purchases bottles of shampoo to be sold out of
4 Exemptions (from line 23) for entire period
their display case. The salon did not pay sales tax to its supplier since
it intends to directly resell the shampoo. However, several bottles were
taken out of inventory and used in the performance of their service. The
shampoo that was used is goods consumed. The salon must report the
5 Taxable Amount (line 3 minus line 4)
price it paid to its supplier on line 2.
6 State Sales Tax (5% of line 5)
for entire period
Example: A clothing store purchases suits tax free for resale. The owner
7 Total Local Option Sales Tax
for entire period
of the store needs a new suit. The suit removed from inventory is goods
consumed and the price the owner paid to the supplier must be reported
8 Total School Local Option Tax
for entire period
on line 2.
9 Total Tax (add lines 6, 7 and 8)
Example (not goods consumed): A person who makes craft items to be
10 Deposits and Overpayment Credits
sold at craft shows does not pay sales tax to suppliers for materials. These
11 Balance (line 9 minus line 10)
materials are incorporated into the craft items to be sold. They are not
12 Penalty (if applicable)
goods consumed and should not be reported on line 2.
4. Exemptions: Enter your total exemptions for the entire period.
13 Interest (if applicable, .008 per month)
Exemptions are sales made by you on which tax was not required to be
14 Total Amount Due (add lines 11-13)
charged. A worksheet is provided on the back of this form. Although it
is not submitted with this return, you may be required to submit it at a
11. Tax Due: Subtract line 10 from line 9 and enter the balance. If line
later date; be sure to keep a copy in your files.
10 is greater than line 9, the amount is an overpay. If you prefer a refund,
7. Total Local Option Sales Tax: Be sure to complete the detailed
enter the word “refund” on line 14; a refund will be issued; do not take
local option return on the back of this return. Do not report the local
a credit on your next return. If you prefer a credit, write the word “credit.”
option tax as one lump sum for the entire state. Also, do not report either
12. Penalty: Penalty for not filing the return on time: If you do not file
tax on a city-by-city basis. Do not attach a list of local option jurisdic-
the deposit or return on time and do not have 90% of the correct amount
tions. The return lists all counties that have local option tax.
of tax paid by the due date, add 10% of the tax not paid by the due date.
8. Total School Local Option Sales Tax: This tax is reported and
Penalty for not paying the tax on time: If you do not pay at least 90% of
calculated onthe back of this return at the bottom of the local option
the correct amount of tax by the due date, add 5% of the tax not paid by
return.
the due date.
10. Deposits and Overpayment Credits: If you made deposits prior to
Penalties can be waived only under special circumstances.
filing this return and/or if you overpaid on a previous return and want
If more than one penalty applies, the 10% penalty is the only one charged.
that amount credited to your account, place that amount here.
13. Interest: Any fraction of a month is considered as a whole month. The
rate is 0.8% per month during 1997, 1998 and 1999 and accrues on the
unpaid tax from the due date of the return. Interest cannot be waived.
IOWA DEPARTMENT OF REVENUE AND FINANCE
If you had no sales this period,
STAm
put zeroes on lines 1 and 14.
SALES TAX AMENDED RETURN
31-007 (10/98)
1 Gross Sales for entire period
2 Goods Consumed for entire period
3 Total (add lines 1 and 2)
4 Exemptions (from line 23) for entire period
Date Due
Permit No.
For Quarter Ending
5 Taxable Amount (line 3 minus line 4)
6 State Sales Tax (5% of line 5)
for entire period
Check box if
sales
7 Total Local Option Sales Tax
for entire period
are made only in county
8 Total School Local Option Tax
for entire period
your business is located.
9 Total Tax (add lines 6, 7 and 8)
10 Deposits and Overpayment Credits
11 Balance (line 9 minus line 10)
Date
Title
Signature of Retailer or Agent
12 Penalty (if applicable)
Daytime Phone No.: ________________
13 Interest (if applicable, .008 per month)
Check box if you wish to cancel your tax permit, and
give the last date of making taxable sales: _________________
14 Total Amount Due (add lines 11-13)
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