Yes. Exempt sales are included in the total sales calculation, not the taxable sales calculation. But keep track of why they are exempt sales for at least 3-4 years in case your business is audited.
Hi, thanks for the information. I have a question; Can I get exempt as a small trucking company. Example if I get one of my trucks worked on how I can we get exempt from paying the taxes on the invoice. Is it possible?? Also, I am in Texas.
Hi atrans6476. I can only give you general information since I do not know your business. I do not see how you may qualify to be a tax exempt organization. However, there may be exemptions available if you are leasing the trucks, instead of providing a service. In terms of auto repairs, in Texas, whether it is taxed can depend on the format of the invoice.
So how do we report these sales on our returns? just as total sales and not taxable sales?
Yes. Exempt sales are included in the total sales calculation, not the taxable sales calculation. But keep track of why they are exempt sales for at least 3-4 years in case your business is audited.
Hi, thanks for the information. I have a question; Can I get exempt as a small trucking company. Example if I get one of my trucks worked on how I can we get exempt from paying the taxes on the invoice. Is it possible?? Also, I am in Texas.
Hi atrans6476. I can only give you general information since I do not know your business. I do not see how you may qualify to be a tax exempt organization. However, there may be exemptions available if you are leasing the trucks, instead of providing a service. In terms of auto repairs, in Texas, whether it is taxed can depend on the format of the invoice.
Thank you.
Welcome!