When purchasing a motor vehicle or watercraft in Indiana, the transaction isn't just between the buyer and the seller; the state has a vested interest too. This interest is primarily in the form of sales and use taxes, which are documented and formalized through the Form ST-108. This document, officially titled the Certificate of Gross Retail or Use Tax Paid on the Purchase of a Motor Vehicle or Watercraft, serves as a critical record that sales/use tax was collected during the transaction. It includes detailed sections for dealer information, including the dealer's Registered Retail Merchant Certificate Number and Federal Identification Number, alongside buyer and vehicle or watercraft information. This form does more than just record sales figures; it also includes calculations for the sales/use tax based on the total selling price and factors in trade-in allowances, providing a clear basis for the tax amount collected. For those transactions where a tax exemption is claimed, the ST-108E, an affidavit of exemption, must be completed. This process ensures both accountability and compliance with Indiana Code 6-2.5-9-6, which mandates the presentation of this certification when titling a vehicle or watercraft. Without this form properly filled and signed by the seller, indicating the tax has been collected and will be remitted to the Department of Revenue, the buyer could find themselves facing delays or additional steps when registering their new vehicle or watercraft.
| Question | Answer |
|---|---|
| Form Name | St 108 Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | indiana st 108, st108 indiana, st108e, indiana form 48842 |
