You must finish the Business Tax Application (Form BT-1) in order to apply for a retail merchant certificate in Indiana. You can obtain a copy of this form by calling the Indiana Department of Revenue at 317-233-4015 or downloading it from the department’s website.
The application requests details about your company, such as your name, address, federal tax ID number, and the type of business you operate. Along with your projected monthly sales and the day you intend to open for business, you will also need to include information on the kinds of goods or services you will be selling.
You can mail or submit the application online to the Indiana Department of Revenue after you’ve finished it. You must enclose a $25 application fee with your submission if you decide to mail the application. You can use a credit or debit card to pay the application cost if you decide to submit it online.
If you complete all the requirements, the Indiana Department of Revenue will review your application after receiving it and grant you a retail merchant certificate. You can start obtaining sales tax from your clients and sending it to the state once you have your certificate. Do You Need an Indiana Resale License?
You must obtain a resale certificate from the Indiana Department of Revenue if you intend to buy goods to resell in Indiana. If you plan to resale the products to clients, you may buy them with this certificate without paying sales tax. You must fill out the Resale Certificate (Form ST-105) in order to get a resale certificate. You can obtain a copy of this form by calling the Indiana Department of Revenue at 317-233-4015 or downloading it from the department’s website.
Your business’ name, address, and federal tax identification number are among the details the application requests about your operation. You must also include details about the kinds of goods you want to buy for resale.
You can mail or submit the application online to the Indiana Department of Revenue after you’ve finished it. If you meet all the conditions, the department will issue a resale certificate after reviewing your application.
Resale certificates issued by Indiana do not expire, but it is your duty to maintain your certificate current. You must update your resale certificate with the Indiana Department of Revenue if any of the details, such as your business name or address, change.
By calling 317-233-4015 or sending an email to [email protected], you can reach the Indiana Department of Revenue if you need to check the status of your resale certificate. To get this information, you will have to give your company name and federal tax ID number.
Prescription pharmaceuticals, specific medical equipment, food and drink sold for consumption off-premises, and agricultural products sold by farmers are all free from sales tax in Indiana. Additionally, certain organizations, like schools, government agencies, and non-profits, may also be free from paying sales tax on specific transactions. It is crucial to remember that the exemptions can change based on the particular circumstances and the nature of the transaction. The Indiana Department of Revenue or a tax expert should be consulted for more details on sales tax exemptions.