A merchant certificate is required if you intend to sell tangible things in Indiana. This document is often referred to as a sales tax license or a retail merchant certificate. The state mandates it for any companies that offer taxable products or services to the general public.
1. Sign up with the Secretary of State of Indiana
You must register your company with the Indiana Secretary of State before you can submit an application for a merchant certificate. This can be done by mail or online. For online registration, the cost is $22, and for mail-in registration, it is $30.
You must get an Indiana Taxpayer Identification Number (TID) after registering your firm with the Secretary of State. This number serves as your company’s tax identification number. TID applications can be submitted online or by mail. A TID can be obtained for free.
3. Fill out an application for an Indiana retail merchant certificate. You can apply for an Indiana Retail Merchant Certificate once you have your TID. This can be done by mail or online. The $25 application fee. Your diploma has a two-year expiration date.
Where to Apply for a Retail Merchant Certificate in Indiana Through the INBiz site of the Indiana Department of Revenue, you can submit an online application for an Indiana Retail Merchant Certificate. You may maintain your tax account, register your business, and apply for a merchant certificate all from one portal.
You can download the application form from the Indiana Department of Revenue website if you’d rather submit it by mail. Send the filled-out form, along with your money, to the address listed there. Do You Need an Indiana Resale License?
Yes, a resale certificate is required if you intend to purchase products to resell. You can buy items with this certificate without paying sales tax. When you make purchases to resell, you must show your suppliers your resale certificate.
In Indiana, a number of items are free from sales tax, including: Food and food ingredients (groceries), prescription medications, medical devices, hearing aids, prosthetics, mobility-improving equipment, agricultural inputs, manufacturing inputs, educational materials, books, and clothing (costs of $175 or less).
How much does an Indiana business license cost? Depending on the kind of license you require and the city or county where your firm is located, Indiana business license prices vary. A few dollars to several hundred dollars may be charged in fees. For further information on licensing costs in your area, contact your county clerk or municipal clerk’s office.
In conclusion, acquiring an Indiana merchant certificate is a prerequisite for any company wishing to conduct taxable business within the state. You can get your merchant certificate and start operating a successful business in Indiana by following the above-mentioned steps.
Yes, Indiana resale certificates do have an expiration date and must be renewed from time to time. The certificate’s expiration date is noted on the document itself, and it usually passes after two years have passed since the date of issuance. To avoid any problems while making purchases for resale, it is crucial to maintain track of the certificate’s expiration date and renew it before it passes.