Sec. 2. A retail merchant may, without prior departmental approval, report and pay his state gross retail and use taxes on an accrual basis, if he uses the accrual basis to pay and report the adjusted gross income tax or the tax imposed on him in place of the adjusted gross income tax. The department may, at any time, require the retail merchant to stop using the accrual basis.
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.192-2002(ss), SEC.59.
Structure Indiana Code
Article 2.5. State Gross Retail and Use Taxes
Chapter 6. Returns, Remittances, and Refunds
6-2.5-6-0.3. Effect of Multiple Amendments to Section 9 of This Chapter
6-2.5-6-1. Returns; Reporting Period; Online Tax Filing; Streamlined Sales and Use Tax Agreement
6-2.5-6-2. Accounting for Tax Receipts; Option to Use Accrual Basis
6-2.5-6-3. Consolidated Filing
6-2.5-6-4. Periodic Deposits of Collections During Reporting Period
6-2.5-6-5. Final Return and Payment
6-2.5-6-7. Retail Merchant; Calculation of Tax Liability
6-2.5-6-8. Tax Liability; Income Exclusion Ratio
6-2.5-6-9. Uncollectible Receivables; Deduction
6-2.5-6-10. Tax Liability; Merchant's Collection Allowance
6-2.5-6-11. Heating Assistance Program; Deduction
6-2.5-6-12. Security for Payment of Tax Collected
6-2.5-6-14.1. Retail Merchant's Refund of Gross Retail or Use Taxes
6-2.5-6-14.2. List of Retail Merchants Selling Tobacco Products
6-2.5-6-16. Refund for Research and Development Equipment
6-2.5-6-17. Payment of Gross Retail Tax for Consignment Sales