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TECHNICALLY: If the items are purchased for resale then yes, if you hold a current / valid sales tax license in your home state (or the other state) then yes. If the items being purchased are for personal use... no. There are blanket exemptions in most states, for example if the user is a farmer and the item being purchased are going to be used directly in the production of a crop... Check your state Department of Revenue / Division of Taxatioon / Etc's website for sales tax exemption certificatee, or blanket exemption forms. The instructions will indicate what they cover. For more information, most states have a pamphlet that covers their sales tax regulations and they are usually available on their websites.
What else can I help you with?
Is there ok tax on shipped items?
Yes, taxes on shipped items depend on the jurisdiction and the type of goods being shipped. In many regions, sales tax applies to products purchased online and shipped to the customer, similar to in-store purchases. Some states or countries may also have specific exemptions or different rates based on the item category. It's essential to check local tax laws for accurate information regarding shipping taxes.
If Sales is 8000 and Purchase is 4000 then what does it mean that 60 percent Sales and Purchases are for cash?
It means that 60% of sales and purchases are done on cash basis while 40% of purchases and sales are done on credit basis.
Is the purchases returns included in the calculation of cost of sales?
Yes purchase returns are deducted from purchases to calculate the net amount of purchases and that's why included in cost of sales.
Does a purchases journal record sales on account?
Purchase journal only records and deals in with purchases and don't deal with sales items.
What is the sales tax in Massachusetts?
As of 2012 it is 6.25 percent, but there are numerous exemptions.
How do you calculate a direct cost of sales in a business plan?
Cost of sales = opening stock + purchases-closing stock Cost of sales = opening stock + purchases-closing stock
Sales tax chart for CA purchases?
what is the sales tax on a purchase of $264.00
What's the sales tax in Massachusetts?
As of 2012 it is 6.25 percent, but there are numerous exemptions.
Is equipment in Georgia from a Georgia company but shipped out of state subject to GA sales tax?
As long as the other company is not having the item shipped in Georgia then no it is not subject to sales tax. Only when purchasing within the state or having an item shipped within the state is sales tax applicable.
What is the sales tax in NJ of a 50000 car?
In New Jersey, the sales tax rate for vehicle purchases is generally 6.625%. For a $50,000 car, the sales tax would be approximately $3,312.50. However, if the car is purchased in certain urban enterprise zones, a reduced rate of 3.3125% may apply. Always check with local authorities for the most current rates and any applicable exemptions.
What taxes are municipal governments exempt from exempt from state sales tax federal exercise tax?
Municipal governments are typically exempt from state sales taxes because they are considered governmental entities, which means their purchases for public use are not subject to sales tax. Additionally, they are often exempt from federal excise taxes, particularly when it comes to purchases related to their governmental functions. However, the specific exemptions can vary by state and the nature of the transaction, so it's important to consult local laws for detailed information.
Do I pay sales tax on a home purchase?
There is no sales tax on real estate purchases.
