DEPARTMENT OF STATE REVENUE Information Bulletin #77 Sales Tax November 2008
DISCLAIMER: Information bulletins are intended to provide nontechnical assistance to the general public. Every attempt is made to provide information that is consistent with the appropriate statutes, rules, and court decisions. Any information that is not consistent with the law, regulations, or court decisions is not binding on either the Department or the taxpayer. Therefore, the information provided in the bulletin should serve only as a foundation for further investigation and study of the current law and procedures related to the subject matter covered herein.
SUBJECT: Sales Tax Returns Filed Monthly if the Retail Merchant Is Remitting by Electronic Funds Transfer
REFERENCE:IC 6-2.5-6-1
EFFECTIVE DATE: January 1, 2009
HEA 1125-2008 effective Jan. 1, 2009, provides that retail merchants that remit sales tax through electronic funds transfer (EFT) are required to file a monthly return at the same time the remittance is due the Department.
The monthly return requirement eliminates the quarterly recap retail merchants were required to file in the past. It is recommended that retail merchants required to file the monthly return file their return using INtax (Indiana Tax Center) through the Department's Web site.
The collection allowance to which a retail merchant is entitled will not change. The collection allowance is based on the prior fiscal year collections and will be the same throughout the calendar year.
John EckartCommissioner
Posted: 11/26/2008 by Legislative Services Agency
DIN: 20081126-IR-045080877NRAComposed: Nov 01,2016 12:31:44AM EDTA PDF version of this document.
