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The ST-108 allows the dealer to indicate the amount of tax collected from the purchaser. The dealer is then required to submit the sales/use tax to the Department of Revenue on a sales and use tax report.
The ST-108 allows the dealer to indicate the amount of tax collected from the purchaser. The dealer is then required to submit the sales/use tax to the Department of Revenue on a sales and use tax report.
In order to have an Indiana resale certificate, you must first apply for an Indiana retail merchant certificate. This certificate will provide you with an Indiana Tax ID number (sales tax number) which will be a necessary field on the Indiana resale certificate.
Missouri Charges an Auto Sales Tax of 4.225% of the Sales Price you Paid for your Car of Truck.
Any business in Indiana that purchases goods and resells them at retail prices needs an Indiana resale certificate. Otherwise, the business pays sales taxes to their vendors and suppliers for their goods. Furthermore, they still have to collect sales taxes from their customers.
Private vehicle transactions in Indiana require a sales tax of 7 percent of the purchase price. It's very important that the purchase price written on the title and the bill of sale are matching and accurate to ensure the right amount of tax is being paid to the state.
Tax-exempt customers Some customers are exempt from paying sales tax under Indiana law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.
The borrower's certification and authorization also authorizes the lender to share information in the loan application with other parties. It also gives the lender the right to verify information in the loan application, credit application, and employment history.