Fillable Form Mf-360 - Consolidated Gasoline Monthly Tax Return (Page 3 of 4) in pdf

Instructions for Completing

Consolidated Gasoline Monthly Tax Return (MF-360)

Who should file this return?

Section 1

A gasoline tax is imposed on every gallon of gasoline received in

Place an “X” in the box for each license type for which your return

is being filed. Example: If you are a licensed Gasoline Distributor

Indiana less those deductions provided by law. The gasoline tax

rate is eighteen cents ($0.18) per gallon. Each person who holds a

you will place an “X” in that box.

valid Indiana Gasoline Distributor’s License must file Form MF-

360, Consolidated Gasoline Monthly Tax Return and schedules with

Section 2

the Indiana Department of Revenue. Distributors are required to

Calculation of Gasoline Taxes Due

indicate on such returns all gasoline received as well as support all

deductions claimed, during the month for which the return is filed.

A return must be filed each month, even if the distributor has no

Line 1: Enter the total amount of gasoline purchased, acquired or

activity to report on the return.

imported during the month from Section A, Line 8 Column D on

back of return.

When is the return/payment due?

Line 2: Enter the total of non-taxable disbursements made during

the month from Section B, Line 10, Column D on back of return.

Form MF-360 and schedules must be filed on or before the twen-

tieth (20th) day of the month immediately following the month for

Line 3: Enter the total gallons of gasoline received, gasoline tax

which the report is being filed. If the 20th day of the month falls

paid From Section A, Line 1, Column A on back of return.

on a Saturday, Sunday or a state or national legal holiday, the due

date of the return is the next succeeding day that is not a Saturday,

Line 4: Enter the total billed taxable gallons (Line 1 minus Line

Sunday or such holiday. To be considered timely filed by the de-

2 minus Line 3).

partment, the return must be postmarked no later than the due date

of the return.

Line 5: Licensed Gasoline Distributors who file their returns timely

and remit all amounts of tax due timely are entitled to claim a gal-

How do I complete the MF-360?

lonage allowance of one and six-tenths percent (1.6%) of the gallons

of gasoline received, less deductions. The deduction will not be

allowed if a monthly return and schedules and/or tax remittance is

Complete Form MF-360 as instructed below:

filed after the due date of the return.

STEP 1: Indicate the reporting period for which you are filing.

Line 6: Enter the total billed taxable gallons (Line 4 minus Line

Enter your identifying information as it is reflected on your Indiana

5).

Fuel Tax License.

Line 7: Enter the tax due (multiply Line 6 by $0.18).

STEP 2: Complete all receipt and disbursement schedules by

entering the totals in Sections A & B on the reverse side of the

Line 8: Enter any adjustments not accommodated elsewhere on

MF-360. Detailed instructions for reporting fuel transactions on

this return. For adjustments taken on this line, Schedule E-1 must

the corresponding receipt and disbursements schedules are found

be attached. Failure to complete and attach Schedule E-1 will result

in the instructions for each schedule.

in your adjustment being disallowed. If line 8 is a negative amount,

be certain that you circle the “-” sign in the box to the left of your

STEP 3: Carry specific line totals from Section A and B, on the

Line 8 entry.

back of the MF-360, to the appropriate sections on the front of the

MF-360.

Line 9: Enter the total gasoline tax due (Line 7 plus or minus

Line 8).

Indicate the reporting period for which you are filing. Enter your

identifying information as it is reflected on your Indiana Fuel Tax

License.

Form Mf-360 - Consolidated Gasoline Monthly Tax Return Page 3

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