- 2 -
|
ADDITIONAL INSTRUCTIONS
Line # Instructions
1 List the gross sales of tangible personal property, leases, rentals, & services as shown on your
Louisiana State Sales Tax Return. Moveable property is described as “tangible personal
property”. “Services” includes the enumerated taxable services listed in LARS 47:301(14). DO
NOT include sales taxes collected in your Gross Sales amount.
2 Deduct sales to businesses that made purchases from you to resell or further process for
resale to their customers. In order to deduct these sales, you must retain a copy of that re‐
seller’s exemption certificate & indicate on the invoice the name of the exempt purchaser.
14 List purchases for your business’ use for which you did not pay the full amount of sales tax due
Rapides Parish. This is known as “Use Tax”. Things you purchase for resale but later remove
from inventory for your use are examples of items which must be included at your actual cost.
Other examples include items purchased for the business’ own use (aren’t resold) via Internet
or catalogue which are shipped common carrier in which no local sales tax was charged. As a
business, you are required to list these purchases on this line. Almost every business located
within this parish owes some use tax every month.
15 If line 15 is zero, you must still file the return for the period based on your filing status
(monthly/quarterly). If you are an occasional filer, you are not required to file “zero” returns.
17 You must account for all “Excess Tax” collected. Due to rounding, you are may collect more
tax on a daily basis than the monthly total sales reflect is due. You must remit this tax by
adding it on this line.
19 You are entitled to vendor’s compensation of 1% of the tax due provided that you have
properly complied with all requirements of the sales tax statutes and our department has
received this form with payment in a timely fashion. If you have made any errors or failed to
remit timely, you cannot claim vendor’s compensation.
st
21 For returns filed on or after the delinquent date (21 day of the month following the period
[monthly/quarterly] for which the tax was collected), penalty is calculated by multiplying the
tax due by 5% for each 30 days or fraction thereof up to a maximum of 25%.
22 Interest accrues on a daily basis using a 365 day year commencing on the due date until paid.
The due date is the first day of the month following the filing period (monthly/quarterly) for
which the tax was collected. For example, if a return for the month of March is paid on May
st
1 , interest for 31 days (30 days for April & 1 day for May) is owed. Calculate the interest by
multiplying the tax times 15%, then divide the result by 365, and multiply by the number of
days delinquent.
|