I am a dealer who is registered to collect and remit the sales tax. How do I receive a credit or refund for the advance sales tax I pay on my purchases for resale?
Dealers paying the advance sales tax may deduct the actual amount of tax paid on purchases for resale as a credit against the tax due on their sales tax return. This is a refundable credit that should be taken on the return corresponding to the month in which the tax was paid, regardless of when the items were sold. Refer to line 12 of your sales tax return.
Related Questions
- I am a dealer who is registered to collect and remit the sales tax. How do I receive a credit or refund for the advance sales tax I pay on my purchases for resale?
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