Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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I

320.0000 INTEREST AND PENALTIES—Regulation 1703

Annotation 320.0060

320.0060 Failure to File Return. A seller is not excused from filing a return merely because the purchaser reports the transaction "on a use tax basis," and the 10 percent penalty applies to any balance of tax due after giving effect to all adjustments and credits for tax paid by purchaser. 4/7/53.