Obtaining a Resale Certificate in Indiana
The first step to get a resale certificate in Indiana is to apply for an Indiana Registered Retail Merchant Certificate. This certificate provides a business with an Indiana sales tax number. Once obtained, you can complete the ST-105 tax exemption certificate form by providing your Indiana Registered Retail Merchant Certificate Number.
An Indiana resale certificate allows businesses purchasing goods to resell them at retail prices without paying sales tax to vendors and suppliers. They must collect sales tax from customers and keep receipts and records to deduct sales tax paid when remitting taxes collected. Obtaining a resale certificate avoids this hassle.
To obtain a resale or sales tax exemption certificate, visit the Department of Revenue website to download the ST-105 form. Fill out the form for each vendor. The certificate is free to obtain and can be used immediately once filled out. Keep a copy of the completed certificate for your records. Indiana resale certificates do not expire unless specified for a single purchase.
Registering as a Reseller in Indiana
The Indiana Department of Revenue requires any business that conducts sales (retail or wholesale) within the state of Indiana to be registered by obtaining a Registered Retail Merchant’s Certificate (RRMC). A business tax application (BT-1) is filed along with a $25 registration fee.
Receiving a Seller’s Permit in Indiana
A certificate exempting the holder from paying sales tax can be obtained from the Indiana Department of Revenue by downloading and completing the Sales Tax Exemption Certificate (Form ST-105).
What You Need to Register for Sales Tax Permits
After starting your business in Indiana, begin registering for a sales tax permit; gathering the necessary information about your business is essential. Here is a detailed explanation of the information you will need to complete the registration process:
- Decide on the Suitable Reselling Business Model – A reseller is someone who purchases goods intending to resell them for profit.
- All users of a trade name need a(n) Indiana Indiana IN Doing Business As (DBA) Certificate.
- Sellers or buyers of wholesale/retail need a(n) Evansville (A.K.A seller’s permit, state id, wholesale, resale, reseller certificate).
- Employers need a(n) Indiana I.e., a State of Indiana Federal Tax Id Number and a(n) Indianapolis State Employer Tax Number.