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Do clients or participants need to have sales tax registration?

April 26, 2017clients participants registration

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Do clients or participants need to have sales tax registration?

1 Answer

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Those clients who trade with the intention of taking or giving delivery should have sales tax registration before settlement of the delivery based trades. Deliveries given by clients or participants who are not registered under the relevant state sales tax law or whose registration is not valid on the date of sale or delivery will amount to default.