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A restocking fee typically ranges from 10% to 20% of the item's purchase price, although it can vary depending on the retailer's policy and the type of product being returned. Some retailers may charge a flat fee or waive the fee altogether for certain circumstances, such as defective items. It's important to check the specific return policy of the retailer for precise details.

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1mo ago

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What is a restocking fee?

A restocking fee is what you pay when a shop is restocking for summer, winter and other seasons


Do you have to pay sales tax on a restocking fee. in Raleigh nc?

In Raleigh, NC, a restocking fee is typically considered a service charge for the return of merchandise and is generally subject to sales tax. This means that if a retailer charges a restocking fee, sales tax would apply to that fee as it is part of the total transaction. However, it's advisable to check with the North Carolina Department of Revenue or a tax professional for specific situations, as tax regulations can vary.


What is the California Tax Code for sales tax on restocking fees?

In California, restocking fees are generally considered part of the sales price of a product and are subject to sales tax. According to the California Sales and Use Tax Law, if a retailer charges a restocking fee when a product is returned, that fee is taxable unless a specific exemption applies. Retailers must include restocking fees in the total sales price when calculating the sales tax owed. It’s essential for businesses to consult the California Department of Tax and Fee Administration for specific guidelines and compliance.


Do you have to pay California sales tax on the restocking fee?

It depends. If the restocking fee is a percentage of the sale price then the percentage will be taken from the total sale, including the tax. In other words you refund will include a prorated portion of the tax. If it is a fixed amount such as $20 then it must exclude tax or the retailer will be in violation of the tax code and be liable for the full amount taxed on the sale regardless of lesser refunded amount. If you are returning a defective item the retailer may elect to refund the tax. Although it is not a requirement, the retailer may not keep the taxes collected as profit.


Are there any steps a consumer can take to prevent becoming a victim of a dishonest or incompetent merchant's Restocking Fee omnipotence?

Are there any steps a consumer can take to prevent becoming a victim of a dishonest or incompetent merchant's Restocking Fee omnipotence?" Yes! begin your report here: http://www.bbb.org/ Best wishes


Does Murray Feiss Lighting have a restocking or shipping fee for returned products?

You can return your purchase within 30 days. You do have to pay the shipping fee, though. Maybe get a friends opinion on the light before you buy it.


How long do you have to change your mind about a new car purchase in SC?

You cannot change your mind about a new car purchase. The dealer may work with you to take it back, but there is usually a restocking fee or a fee of some type that they will charge.


What is a promote fee?

The promote fee is the percentage that a real estate firm makes in interest. The promote fee is generally a certain percentage of the profits from the sale.


Can I return the part if I ordered the incorrect one?

Most HVAC parts can be returned, subject to the requirements of where you bought the item. Also, you may have to pay shipping and a restocking fee, depending on the companies rules.


If a case is settled and monthly payments are issued how long can an attorney charge his percentage fee?

If his fee is a percentage of your debt - he can charge it until the whole debt is repaid !


Does john deere charge a restocking charge for items returned?

This question really has a variant of answers. It depends on your John Deere dealer. Some will charge a restocking fee on items, especially parts, to cover the cost of returning those unused parts. Some won't charge for return parts, so you just need to contact your dealer.


If you bring back an item do you have to pay 15 percent shelf stocking fee?

If that was what the stores policy was when you bought it, yes. Check to see if they had a return policy and what it states before you pay the restocking fee, most places now charge the fee. Next time you buy something that you might return ask what the return policy is in advance of the purchase.