Who issues a Sales & Use Tax Resale Certificate?
A Sales & Use Tax Resale Certificate is a form created by the State of Connecticut Department of Revenue Services (DRS) to be used by persons whose business is immediately connected with selling goods or services to retailers.
Is the Sales & Use Tax Resale Certificate accompanied by any other forms?
No, there is no need to provide any kind of supporting documents with a Resale Certificate. However, at the purchase, the transaction must be properly recorded in all the relevant documents: invoices, receipts, etc.
When is the Connecticut DRS Sales & Use Tax Resale Certificate due?
The submission of the resale certificate does not imply following any particular standardized deadline, as it must be issued to a retailer at the moment of purchase. If it is agreed by the parties to the deal that such a purchase shall be made on a regular basis, there is no need to file the Sales & Use Tax Resale Certificate for each separate purchase - a blanket certificate should be completed for this purpose and renewed at least every three years. A blanket certificate is the same as the regular Sales & Use Tax Resale Certificate, yet a corresponding note must be made on the standard form.
How to fill out the Connecticut Sales & Use Tax Resale Certificate?
The properly filled out Resale certificate is supposed to bear the following details:
the seller information;
information and the buyer firm;
all the locations of the buyer’s firm offices where the goods or services will be sold;
description of products or services being purchased;
authorized representative’s signature.
What should be done with the completed Sales & Use Tax Resale Certificate?
There is no need to submit the filled out and signed resale certificate form to the Department of Revenue Services in the State of Connecticut. However, it is mandatory that the parties, the seller and the retailer must retain a copy of the certificate for at least six year in case of an inspection by the DRS.