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What is the difference between “gross receipts” and “taxable sales” on my use tax returns?

April 26, 2017gross receipts tax returns taxable sales

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What is the difference between “gross receipts” and “taxable sales” on my use tax returns?

2 Answers

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Gross receipts equal the total amount of sales your business had for the period in which you are filing the return. Taxable sales equal the total amount of sales your business had for the period in which you are filing the return plus/minus any sales on which you did not collect use tax. These are claimed in the adjustments column of your return. Note:Your taxable sales should always equal your gross receipts plus/minus any adjustments.

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Posted

Gross receipts equal the total amount of sales your business had for the period in which you are filing the return. Taxable sales equal the total amount of sales your business had for the period in which you are filing the return plus/minus any sales on which you did not collect use tax. These are claimed in the adjustments column of your return. Note: Your taxable sales should always equal your gross receipts plus/minus any adjustments.