10-45-30.1. Cash basis reporting and payment.
105 words·~1 min read·
/sd/title-10/chapter-10-45/10-45-30-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding other provisions of this chapter, the secretary of revenue shall allow retailers to report and pay sales tax measured by gross receipts upon a cash basis if:
(1)The retailer has not changed his basis in the previous calendar year;
(2)The retailer's records are kept in a manner which may be audited to determine whether sales tax is paid upon all taxable sales;
(3)The retailer has made a written request to the secretary for authority to pay tax on the cash basis; and
(4)Authority to pay tax on the cash basis applies only to sales made after the authority is granted.