If you own a company in Indiana and you buy goods to resell, you might need to get a resale certificate. If you intend to resale the things to people who will pay sales tax, you may use this certificate to purchase them without paying sales tax. What you need to know about getting an Indiana resale certificate is provided below.
A reseller permit in Indiana is another name for a resale certificate. You must obtain a reseller authorization if you intend to purchase goods to resell and wish to avoid paying sales tax. The Indiana Department of Revenue is responsible for issuing this permit.
Form ST-105, the state’s Resale Exemption Certificate, must be filled out and submitted in order to get a resale certificate in Indiana. On the website of the Department of Revenue, you may download this form. The form asks for information about your company, including its name, address, and tax identification number. Additionally, you will be asked for details regarding the goods you intend to buy for resale.
When Form ST-105 is finished, you can turn it in to the Indiana Department of Revenue. This can be done in person, via mail, or online. You must register for an account on the INBiz portal run by the Department of Revenue if you decide to submit the form online.
Are Out-of-State Resale Certificates Acceptable in Indiana? You might be unsure if an out-of-state resale certificate is acceptable in Indiana if you have one. The state determines the answer, is what we say. Due to reciprocity agreements with a few states, Indiana is able to accept their resale certificates. Your resale certificate might not be approved, though, if your state and Indiana do not have a reciprocity agreement.
Indiana-issued resale certificates never expire. However, if your company information changes, such as your business name or address, the Department of Revenue may require you to renew your reseller permission. If you change the things you sell or close your firm, you could also need to renew your permission.
In conclusion, getting an Indiana resale certificate is a simple procedure. You can avoid paying sales tax on goods you intend to sell again by filling out Form ST-105 and submitting it to the Indiana Department of Revenue. You can get help from the Department of Revenue if you have any queries concerning the procedure.
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You can call the Indiana Department of Revenue at (317) 232-2240 to check the status of your resale certificate in Indiana. They can address any queries you may have and check the status of your resale certificate. To access and manage your certificate, sign into your account on the INBiz website.