Step-By-Step Instructions For Form St-501 (Page 4 of 4) in pdf

Line 8 Allowable Deductions: Enter the type of deductions in Column A and the corresponding amounts in column B, then enter the

total amount of deductions here on line 8 and line 10 on front of return. A partial list of exemptions and exclusions from sales and use

tax are identified under instructions to line 4 of ST-501 worksheet.

Note: You are required to maintain records that will support all deductions claimed on this return. A further explanation of deductions

is available by obtaining a copy of the South Carolina Sales and Use Tax Code of Laws by contacting the Department’s Main

Office, the Taxpayer Service Centers or visits our website:

Line 9 Total Amount of Deductions: (Total of Column B) Enter total amount of deductions here and on line 10 on front of return.

Line 10 Net Sales and Purchases of Durable Medical Equipment and Related Supplies: Subtract line 9 from line 7 and enter total

here.

STEP 4

CALCULATION OF 1.75% TAX ON FRONT OF ST-501

Line 9 Gross Proceeds of Sales from the Sale of Durable Medical Equipment and Related Supplies: Enter the amount from line 7

of your worksheet (from the reverse side of your return). Gross Proceeds of sales of Durable Medical Equipment and Supplies includes

sales of durable medical equipment and related supplies paid by funds of the state or United States under the Medicare or Medicaid

program.

Line 10 Total Amount of Deductions: Enter the total from line 9 of your worksheet.

Line 11 Net Taxable Sales: Line 9 minus line 10.

Line 12 Tax Due: Multiply line 11 X 1.75% (.0175).

Line 13 Taxpayer's Discount: Use the same discount rate from line 5. (Line 12 x Discount Rate)

Line 14 Net Amount Payable: Line 12 minus line 13.

Line 15 Total Penalty and Interest: Enter the total amount of penalty and interest. See instructions for step 2, line 7.

Line 16 Sales Tax Due on Durable Equipment and Supplies: Add lines 14 and 15.

ENTERING TAX FROM ST-389

STEP 5

REMINDER: ST-389 must be completed and attached for all additional taxes. If this section does not apply, go to line 18 of the ST-501.

Line 17 Total Additional Taxes Due: Enter the total from Column D, page 7 of 8 of Form ST-389.

DETERMINE TOTAL AMOUNT DUE

STEP 6

Line 18 Total of All Taxes Due: Add lines 8, 16, and 17 and enter total on line 18.

SIGNATURE

STEP 7

Sign and date your return on the back of the ST-501.

DON'T FORGET -- Returns are past due after the 20th of the month.

If you are not using preprinted forms and it is necessary to use blank forms, be sure to include your social security number

or Federal Employer Identification Number (FEIN) in the label section.

Social Security Privacy Act Disclosure

It is mandatory that you provide your social security number on this tax form. 42 U.S.C 405(c)(2)(C)(i) permits a state to use an

individual's social security number as means of identification in administration of any tax. SC Regulation 117-201 mandates that any

person required to make a return to the SC Department of Revenue shall provide identifying numbers, as prescribed, for securing proper

identification. Your social security number is used for identification purposes.

The Family Privacy Protection Act

Under the Family Privacy Protection Act, the collection of personal information from citizens by the Department of Revenue is limited to

the information necessary for the Department to fulfill its statutory duties. In most instances, once this information is collected by the

Department, it is protected by law from public disclosure. In those situations where public disclosure is not prohibited, the Family Privacy

Protection Act prevents such information from being used by third parties for commercial solicitation purposes.

Step-By-Step Instructions For Form St-501 Page 4

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