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Informational Publication 2017(25)Getting Started
in BusinessState of ConnecticutDepartment of Revenue ServicesIssued 8/28/2017
Replaces: IP 2015(12)ChapterTable of ContentsPage1Getting Started......................................................
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How to fill out sales subject to tax
How to fill out sales subject to tax
01
Determine the applicable tax rate for the sales subject to tax.
02
Collect all necessary information and documentation regarding the sales transaction.
03
Identify the taxable items or services being sold.
04
Calculate the tax amount by multiplying the taxable sales amount by the tax rate.
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Include the tax amount in the total sales price and provide a clear breakdown for the customer.
06
Keep accurate records of all sales subject to tax for reporting and auditing purposes.
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What is sales subject to tax?
Sales subject to tax refers to goods or services that are subject to taxation by the government.
Who is required to file sales subject to tax?
Businesses or individuals who sell taxable goods or services are required to file sales subject to tax.
How to fill out sales subject to tax?
You can fill out sales subject to tax by reporting all taxable sales and calculating the amount of tax owed.
What is the purpose of sales subject to tax?
The purpose of sales subject to tax is to generate revenue for the government and fund public services.
What information must be reported on sales subject to tax?
Information such as total sales, taxable sales, exempt sales, and tax owed must be reported on sales subject to tax.
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