Get Ny St-101.7 2020

Filling out the NY ST-101.7, Annual Schedule H, is essential for reporting clothing and footwear sales eligible for exemption from sales tax. This guide will provide clear, step-by-step instructions to help you successfully complete the form online.

Follow the steps to accurately complete the NY ST-101.7 form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Fill in your sales tax identification number and legal name at the top of the form. Ensure that the name matches what is shown on Form ST-101 or your business’s Certificate of Authority.
3. Complete Part 1 for sales made in jurisdictions that do not charge local tax. Enter sales of eligible clothing and footwear costing less than $110 in Column C and purchases in Column D. Do not forget to total both columns at the bottom.
4. In Part 2, report sales made in jurisdictions that charge local tax. Record sales subject to tax in Column C and purchases subject to tax in Column D. Again, ensure you total these columns as needed.
5. Calculate the sales and use tax by adding the total of Column C and Column D from Part 2 and multiplying by the respective tax rate in Column E. Record the resulting tax in Column F.
6. Double-check all entries for accuracy. Once completed, save your changes. You will have the option to download, print, or share the form.
7. Finally, file your completed Form ST-101.7 along with Form ST-101 by the due date. Remember to keep a copy for your records.

Complete your paperwork online today to ensure compliance and take advantage of the tax exemption.