Sales and Use Tax Filing Instructions for Form ST-103

To submit Form ST-103, you can choose one of the various submission methods: For electronic submission, visit the state tax department's online portal and follow the provided instructions. For physical submission, mail your completed form to the designated state tax department address. EFT taxpayers should ensure all payments are made electronically by the specified due date. Always double-check for accuracy before submitting the form to avoid penalties or delays in processing.

For the year 2024 and 2025, Form ST-103 must be submitted quarterly by the following deadlines: April 20, July 20, October 20, and January 20. Ensure timely submission to avoid penalties and interest.

The purpose of Form ST-103 is to facilitate the accurate reporting of sales and use taxes by businesses. By detailing total sales, exempt sales, and taxable sales, the form ensures that the state receives the correct amount of tax revenue. This form also helps businesses stay compliant with state regulations and avoid potential penalties for late or inaccurate filings.

• 1. Total Sales: Enter the total sales from activities for the specified period.
• 2. Total Exempt Sales: Enter the total of sales shipped out of state, nontaxable grocery food, and exempt sales.
• 3. Total Taxable Sales: Subtract total exempt sales from total sales to determine taxable sales.
• 4. Sales Tax Due: Multiply the total taxable sales by 6% to compute the sales tax due.
• 5. Tire Fee Due: Calculate and enter the tire fee for new tires sold at retail.
• 6. New Collection Allowance: For timely payments, compute the collection allowance using the provided worksheet.
• 7. Net Amount Due: Subtract the collection allowance from the total of sales tax and tire fee due.
• 8. Total Purchases: Enter the total purchases for the specified period where no sales or use tax was paid.
• 9. Total Exempt Purchases: Enter the total of purchases exempt for resale or eligible exemptions.
• 10. Total Taxable Purchases: Subtract total exempt purchases from total purchases to determine taxable purchases.
• 11. Use Tax Due: Multiply the total taxable purchases by 6% to compute the use tax due.
• 12. Penalty/Interest Due: Calculate penalty and interest for payments made after the due date.
• 13. Electronic Funds Transfer Credit: Enter the total amount paid by EFT for all months within the quarter.
• 14. Adjustments: Attach an explanation and enter any adjustments that are not related to credits or underpayments.
• 15. Total Amount Due: Calculate the total amount due by adding or subtracting the relevant lines as instructed.

Failing to submit Form ST-103 can result in penalties, interest charges, and non-compliance with state tax obligations. It is crucial to submit the form accurately and on time to avoid these consequences.

• Penalties: Late submission incurs a penalty of 10% of the total due or a minimum of $5.
• Interest Charges: Interest accrues daily from the due date until the payment is made in full.
• Non-Compliance: Failure to submit can lead to potential audits and legal actions by the state tax authorities.

• 1. Retail Sales Reporting: Report total and exempt retail sales.
• 2. Wholesale Sales Reporting: Detail sales and exemptions for wholesale transactions.
• 3. Manufacturing Sales: Report sales directly used in manufacturing and production.
• 4. Out-of-State Sales: List sales shipped out of state for exemption purposes.
• 5. Use Tax Calculation: Calculate and report use tax due on non-resale purchases.