Instructions For Form Boe-401-Gs - Fuel Retailers Return (Page 8 of 9) in pdf

BOE-401-GSIN REV. 5 (4-13)

STATE OF CALIFORNIA

BOARD OF EQUALIZATION

Line 17. Combined State and Local Tax 1 Percent

Multiply line 16 by 0.01. Enter the result on line 17. As of July 1, 2004 the 1 percent tax rate represents 1/4 percent for

State Tax and 3/4 percent for Local Tax.

Line 18. District Sales and Use Tax

If your transaction(s) occur in more than one taxing jurisdiction (higher than the current state tax rate), you must com

plete BOE-531-A1, Schedule A1, Computation Schedule for District Tax—Short Form or the BOE-531-A2, Computation

Schedule for District Tax—Long Form. Instructions for the schedules are included with each form.

Line 19. Total State, County, Local and District Tax

Line 19 represents the total tax liability for this reporting period.

Add lines 13(a), 13(b), 14(b), 15, 17, and 18. Enter the result on line 19.

Line 20. Sales Tax Prepaid to Fuel Supplier

Note: FUEL SELLERS—Please complete the Schedule G, Fuel Seller’s Supplement to Return, included with your sales

and use tax return (B0E-401-GS). The amount entered on line G-5 of the schedule should also be entered on line 20 of

the return.

Line 21. Net Tax

Subtract line 20 from line 19. Enter the result on line 21.

Line 22. Tax Prepayments

Complete this line if you made any tax prepayments. (Businesses with average monthly taxable transactions of $17,000

or more must make prepayments, once notified by the BOE.)

Enter the prepayment amounts in the proper spaces. This credit is limited to the amounts of tax prepaid and should not

include penalties or interest charges reported with your prepayments.

Note: FUEL SELLERS—If you sell fuel and pay sales tax to your fuel supplier, do not use this line to claim a credit for

those tax payments. Credit can be claimed on Schedule G, Fuel Seller’s Supplement to Return.

Line 23. Remaining Tax

Subtract line 22 from line 21. Enter the result on line 23.

Line 24. Penalty

If your tax payment is made, or your tax return is filed, after the due date shown at the top of the return, you must pay a

10 percent penalty. Multiply line 23 by 0.10 and enter the result on line 24.

Returns and payments must be postmarked or received by the due date of the return to be considered timely. If the

due date falls on a Saturday, Sunday, or state holiday, returns postmarked or received by the next business day will be

considered timely.

Businesses required to pay sales and use taxes by electronic funds transfer (EFT) may also be subject to a 10 percent

penalty for failure to pay by EFT (payment made by check, for example). However, a 10 percent maximum penalty

applies to returns and return payments after January 1, 1997.

Line 25. Interest

If your payment is late (see line 24 instructions for an explanation of due dates), you must pay interest charges in addition

to penalty charges.

You owe one month’s interest for each month or portion of a month the payment is overdue. For example, if your pay

ment is one month and two weeks overdue, you owe two months’ interest.

Using the interest rate printed on line 25 of your return, multiply the rate times the total tax owed. Enter the result on

line 25.

Reminder: If you owe two or more months’ interest, as described above, you must multiply the amount due by the

number of months overdue.

Line 26. Total Amount Due and Payable

Add lines 23, 24, and 25. Enter the result on line 26. See page 1 for acceptable payment methods.

Instructions For Form Boe-401-Gs - Fuel Retailers Return Page 8

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