Instructions And Essential Information For Form St-3 Page 2
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2INSTRUCTIONS FOR BACK OF FORM ST-3 WORKSHEET
Please complete the worksheet before completing the front of your
Line 4 ALLOWABLE DEDUCTIONS: Certain transactions are exempt
return.
from South Carolina sales and use tax. Some examples of exempt
transactions are a) sales for resale; b) out-of-state deliveries; c)
trade-ins; d) farm machinery; e) gasoline.
SALES AND/OR USE TAX WORKSHEET
LINES 1 THROUGH 5
The transactions listed are not intended to be a comprehensive list of all
possible deductions, but a means of providing some frequent examples. A
detailed explanation of deductions is available by obtaining a copy of the
Line 1 Enter your total gross proceeds of sales, leases and/or rentals of
South Carolina Sales and Use Tax Code of Laws, or by contacting the
tangible personal property and the cost of tangible personal property
Department's central office or any of the Taxpayer Service Centers.
purchased tax free at wholesale, but used by you or your employees.
Enter the type of exempt transaction and the corresponding amount of the
Line 2 Use Tax Purchases - Add the cost of tangible personal property
deduction. Deductions must be itemized by type of transaction. Your
purchased outside of South Carolina for your use, storage or consumption
records must support any deductions claimed.
in this state.
Line 5 TOTAL DEDUCTIONS: total Column B. Enter here and on line 2
Line 3 Add lines 1 and 2: Enter total here and on line 1 on the front of the
on front of return.
return.
INSTRUCTIONS FOR FRONT OF FORM ST-3
COMPLETE THE WORKSHEET BEFORE MAKING ENTRIES ON LINES
the return) for each month or fraction of a month of delinquency, not to
1 THROUGH 12.
exceed twenty-five percent (.25) of the amount of tax due.
IMPORTANT: If it is determined that no entry is needed on a line,
PENALTY FOR FAILURE TO PAY TAX DUE: The penalty is one-half of
PLEASE LEAVE LINES BLANK. Do not write in the lines that do not
one percent (.005) of the amount of tax due (the total of line 4 on the front
pertain to you.
of the return) for each month or fraction of a month of delinquency, not to
exceed a total of twenty-five percent (.25) of the amount of tax due.
NO SALES RETURNS: Please enter zeroes on lines 1 and 3 only.
The penalty for failure to file and pay must be combined and entered as a
total on line 7.
INSTRUCTIONS FOR REPORTING SALES AND USE TAX
LINES 1 THOUGH 8
INTEREST: Interest is assessed in accordance with Sections 6621 and
6622 of the Internal Revenue Code. Rates are based on the prime rate,
Line 1 GROSS PROCEEDS OF SALES: Enter the gross proceeds of
subject to change quarterly and are compounded daily.
sales, rentals, use tax and withdrawals for own use. Enter the total from
line 3 of your worksheet.
Line 8 TOTAL SALES AND USE TAX DUE: Enter the total of lines 6
and 7.
Line 2 Enter the total amount of deductions from line 5 of your
worksheet.
If Local Tax is not applicable, see total tax due section below (line
12).
Line 3 Subtract line 2 from line 1 to obtain net taxable sales.
INSTRUCTIONS FOR REPORTING LOCAL TAX - LINES 9 THROUGH
Line 4 Multiply line 3 x 5% (.05)
12
Line 5 TAXPAYER'S DISCOUNT: A taxpayer's discount may be claimed
Be sure Form ST-389 is completed, if applicable, before making entries. If
when the return is filed and the tax due is paid in full on or before the due
not applicable, please leave blank. See instructions for ST-389.
date of the return. No discount is allowed if the return or payment is
received after the due date. The discount is computed as follows:
Line 9 TOTAL OF ALL LOCAL TAXES. Enter the amount of line 2 from
the bottom of page 2 on Form ST-389.
If line 4 is less than $100.00, the discount is 3% (.03) of line 4.
Line 10 PENALTY AND INTEREST: Enter the total of penalty and
If line 4 is $100.00 or more, the discount is 2% (.02) of line 4.
interest. SEE INSTRUCTIONS FOR LINE 7 ABOVE. Your calculations
will be applied to tax due from line 9.
Note: Discounts are not allowed to exceed $3,000.00 per taxpayer (for all
locations) during any one South Carolina fiscal year, which covers
Line 11 TOTAL LOCAL TAXES DUE: Enter the totals of lines 9 and 10.
payments made from July 1 through June 30. This includes all returns
which become due during this period (returns for June through May). The
$3,000.00 maximum includes the total discounts for sales /use and local
TOTAL TAX DUE
tax. The discount amount is $10,000 for out-of-state retailers who cannot
be required to register for sales and use tax but who voluntarily register
Line 12 TOTAL SALES, USE, AND LOCAL TAXES DUE: Enter the total
to collect and remit the tax.
of lines 8 and 11.
Line 6 NET AMOUNT PAYABLE: Subtract line 5 from line 4.
Make your check or money order payable for this amount to South
Carolina Department of Revenue.
Line 7 Enter the total of Penalty and Interest, from calculations below:
PENALTY FOR FAILURE TO FILE A RETURN: If the return is received
CORRESPONDENCE WITH THE
within sixty (60) days from the due date, the penalty is five percent (.05) of
SOUTH CAROLINA DEPARTMENT OF REVENUE
the amount of tax due from line 4 of each month or fraction of a month of
delinquency, not to exceed a total of twenty-five percent (.25) of the
When writing to the South Carolina Department of Revenue, always
amount of tax due.
indicate your retail license number or use tax registration number clearly.
Do not mail correspondence with your return. Mail it separately to:
If sixty (60) days or more late: The GREATER of A or B below except
where otherwise specified:
SOUTH CAROLINA DEPARTMENT OF REVENUE
SALES TAX
A. The lesser of one hundred dollars, or 100% of the tax due (from line 4
COLUMBIA, SOUTH CAROLINA
29214-0101
on the front of the return), except in those cases in which the tax owed is
one hundred dollars or less.
Do not use the preaddressed labels in this booklet when mailing
correspondence as they are provided to expedite return processing.
B. Five percent (.05) of the amount of tax due (from line 4 on the front of
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