Sales tax must be computed and paid to the state on taxable receipts even though such receipts include single sales on which no tax may be charged to the customer. A seller may elect to compute tax due on a transaction on an item or invoice basis. The rounding rule as defined in § 10-45-1.4 may be applied to the aggregated state and local tax or applied separately to each tax.

Source: SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 30 SDR 211, effective July 1, 2004.

General Authority: SDCL 10-45-47.1.

Law Implemented: SDCL 10-45-1.4 , 10-45-2.