Authority: IC 6-8.1-3-3

Affected: IC 6-2.5-5-7

Sec. 8. (a) In determining the retail merchants' tax liability for a particular reporting period, the retail merchant shall multiply the retail merchant's total gross retail income from taxable transactions made during the reporting period except as otherwise provided in IC 6-2.5-5- 7 or in this chapter of Regulations [45 IAC 2.2-6], by the sales tax rate.

(b) The amount determined under this Regulation [45 IAC 2.2] is the retail merchant's state gross retail and use tax liability regardless of the amount of tax he actually collects.

(Department of State Revenue; Ch. 6, Reg. 6-2.5-6-7(010); filed Dec 1, 1982, 10:35 am: 6 IR 62)