Registered retail merchant certificate
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(b) A retail merchant can receive a registered retail merchant’s certificate by submitting an application to the department and paying a $25 registration fee for each location listed on the application. The retail merchant must also provide the department with such security for tax payment as the department may require.
(c) The retail merchant must list the location (including the township) of each place of business where he or she conducts retail transactions on the application.
If the retail merchant does not have a fixed place of business, the retail merchant’s residence must be listed as the retail merchant’s place of business.
Furthermore, a public utility may list only its principal Indiana office as its place of business for the sale of public utility commodities or services, but it must also list the locations where it conducts retail transactions other than the sale of public utility commodities or services on the application.
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Most new businesses in Indiana that sell a product or provide certain services must first apply for a Registered Retail Merchant’s Certificate (RRMC).
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A sales tax permit, seller’s permit, sales tax license, sales tax number, or sales tax registration are all terms for the same thing.
In most cases, Indiana does not tax labor. Let’s say you broke the screen on your phone and took it to a cell phone repair shop to have it repaired. Sales tax would be added to the cost of the new screen and any other parts needed to repair the phone. The cost of replacing the screen is not deductible. A company that makes furniture, on the other hand, would be subject to indirect sales tax on labor. Let’s pretend this company is constructing a dining room table for a customer. To make this piece of furniture, the pieces of wood are molded, sanded, and painted by hand. While labor is not directly taxable, sales tax is added to the table’s final selling price.
The Registered Retail Merchant’s Certificate must be renewed every two years at no cost. Keep in mind that any changes to the business’s information, such as the mailing address, additional locations, or ownership, must be reported to the Department of Revenue before the renewal is due.
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Moreover, some businesses in specific industries or professions are required to obtain additional state licenses or permits. More information can be found in the state’s Business Owner’s Guide and the Indiana Professional Licensing Agency, which includes a list of occupations that may require additional licensing.
You can obtain a business license by submitting an application to the appropriate licensing and regulatory agency for your industry. The type of license you need depends on your business’s activity and location (zoning requirements).
A business license is a permit issued by a government office to a company that allows it to operate in a specific region. Governments at all levels may issue them, including the federal, state, and local levels. Different types of licenses are usually required for different businesses and locations.
Business licenses come in a variety of shapes and sizes. These include municipal, state, and federal licenses, as well as sales tax and other tax-related licenses and special licenses for various occupations. There are also environmental permits, zoning permits, and other permits to consider.
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Retail Sales Tax – Missouri sales tax must be collected and remitted by anyone who has a business location in Missouri and sells or leases products or provides a taxable service to a final consumer. It is the responsibility of the taxpayer to ensure that sales tax is collected at the proper rate. Before making purchases, taxpayers must have a Missouri retail sales license. The application must be accompanied by a bond. Anyone selling retail without a Missouri Retail Sales Tax License faces a $500 fine on the first day of business and a $100 fine every day after that, up to a maximum penalty of $10,000. See Section 144.118 for the fines that apply. Operating without a valid license is a misdemeanor that can lead to criminal charges.
Vendors Use Tax – If an out-of-state vendor sells products to a Missouri final consumer and has a sufficient nexus with the state, the vendor is obliged to collect and remit Missouri Vendors Use Tax. A Missouri Vendor Use Tax license and a bond are required of the vendor.