S.D. Admin. R. 64:06:01:50

Current through Register Vol. 50, page 159, June 17, 2024

Section 64:06:01:50 - Tax on gross receipts

Sales tax must be computed and paid to the state on taxable receipts even though such receipts include single sales on which no tax may be charged to the customer. A seller may elect to compute tax due on a transaction on an item or invoice basis. The rounding rule as defined in §10-45-1.4 may be applied to the aggregated state and local tax or applied separately to each tax.

S.D. Admin. R. 64:06:01:50

SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective 7/1/1987; 21 SDR 219, effective 7/1/1995; 30 SDR 211, effective 7/1/2004.

General Authority: SDCL 10-45-47.1.

Law Implemented: SDCL 10-45-1.4, 10-45-2.