How to File My Sales Taxes If I Am a South Carolina Dealer
- 1). Register your business with the South Carolina Department of Revenue by completing Form SCTC-111. Provide your business's federal identification number, its physical address, its mailing address and the type of business you operate, such as construction or retail trade. Include a $50 retail license application fee. A copy of the business application Form SCTC-111 can obtained from the South Carolina Department of Revenue's website.
- 2). Read the South Carolina Code of Laws Title 12 Chapter 36, "The South Carolina Sales and Use Tax Act," and the South Carolina Department of Revenue "Sales and Local Taxes Booklet." Combined, these documents provide the legal and state authorized guidance necessary to understand your obligations and rights as a taxpayer subject to the sales and use tax. A copy of both documents can be viewed online at the South Carolina Department of Revenue's website.
- 3). Complete a pre-printed South Carolina sales and use tax form ST-3 for the appropriate filling period. For instance, if your total sales subject to taxation for the month of January are $20,000 and you are required to file a monthly return, complete the ST-3 form designated for that specific month's filing period. If you do not have the appropriate ST-3 form, contact the South Carolina Department of Revenue and request that the right form be mailed to you.
- 4). Complete a pre-printed South Carolina local tax Form ST-389 for the appropriate filling period. For instance, if your business is located in Hampton County, you would be subject to an additional 1 percent local option tax and a 1 percent local capital projects tax for the filing period. If you are required to file a monthly return, you will need to complete the ST-389 form designated for that month's filing period. If you do not have the appropriate ST-389 form, contact the South Carolina Department of Revenue and request that the right form be mailed to you.
- 5). Submit your ST-3 and ST-389 forms for the filing period along with a check made payable the "SC Department of Revenue" for the amount of sales taxes owed. Keep a photocopy of both the ST-3 and ST-389 forms along with any supporting sales documentation for the period such as invoices and cash receipts.
Source...