ST-120
How to fill out the New York Resale Certificate for Competition Subaru
Filling out the New York Resale Certificate (Form ST-120) is pretty straightforward but is critical for the seller to gather all the information.
If audited, the New York Department of Taxation and Finance requires the seller to have a correctly filled out Form ST-120 Resale Certificate. Without it correctly filled out, the seller could end up owing sales taxes that should have been collected from the buyer in addition to penalties and interest.
Steps for filling out Form ST-120 New York Resale Certificate
Step 1 – Begin by downloading the New York Resale Certificate Form ST-120 ( see below)
Step 2 – Identify the name and business address of the seller (Competition Subaru 601 Middle Country Rd St. James NY 11780)
Step 3 – Identify the name and business address of the buyer
Step 4 – If the retailer is expected to be purchasing items frequently from the seller, instead of completing a resale certificate for every invoice, the blanket certificate box can be checked. Otherwise, select single-use certificate.
Step 5 – Describe the purchaser’s type of business and the primary products sold
Step 6 – New York-based vendors will enter their Certificate of Authority Number of the vendor
Step 7 – New York-based vendors will select whether the purchase being made is:
– Tangible personal property for resale or certain services
– A service for resale; or – Restaurant-type food, heated food, or heated drink for resale
Businesses can apply for certificates that exempt them from paying sales tax on certain items. These certificates are issued by the New York State Department of Taxation and Finance (DTF).
Businesses complete the certificate, and provide it to the vendor. The vendor keeps the certificate and makes a sale without tax.
Exemptions differ based on the type of item and time of sale.
Where do I file the New York Resale Certificate?
The resale certificate is kept on file by the seller and is not filed with the state.
Who do I send the completed form to?
Please send your completed ST-120 form back to Competition Subaru @: [email protected]
