IN ST-103 - Instructions 2007-2023 - Fill out Tax Template-2026

1. Click ‘Get Form’ to open the IN ST-103 template in our editor.
2. Begin by entering your Total Sales for the specified period. This should only include sales activities such as retail and wholesale, excluding any other periods.
3. Next, input the Exemptions/Deductions amount. Include any bad debts expensed during this reporting period.
4. For Excluded Sales, list any sales from Line 1 where another party is responsible for tax collection.
5. Calculate your Taxable Sales by adding Lines 2 and 3, then subtracting from Line 1.
6. To find the Total Tax Due, multiply your Taxable Sales (Line 4) by the current sales tax rate.
7. If applicable, enter your Collection Allowance based on timely payment made before the due date.
8. Calculate Use Tax Due for purchases without sales tax paid, using the current use tax rate.
9. Compute Interest on late payments based on total amounts due from Lines 5 and 7.
10. Finally, determine your Amount Due by adding Lines 5, 7, 8, and 9 and subtracting Lines 6 and 10. Ensure to submit this amount with your return.

Start filling out your IN ST-103 form today using our platform for free!