St 388 Form PDF Details

The State of South Carolina ST-388 form is a critical document for businesses operating within the state, especially those involved in the retail, rental, and hospitality sectors. It serves a vital function in the financial and regulatory framework of these industries by facilitating the accurate calculation and remittance of state sales, use, and accommodations taxes. This comprehensive form is designed to ensure that businesses report their gross proceeds from sales, rentals, use tax, and any withdrawals for personal use in a way that adheres to the state's tax code. The form is structured to guide filers through the process of itemizing sales and purchases, applying the correct tax rates, and determining net taxable sales and purchases after allowable deductions. These calculations are crucial for accurately determining the tax owed to the state. Additionally, it addresses various circumstances that businesses might encounter, such as changes of address, business closure, or the need to amend previously filed returns. Utilizing the ST-388, along with its accompanying worksheets and the requirement to submit it alongside form ST-3T for certain transactions, underscores the form’s comprehensive approach to tax reporting in South Carolina. It highlights the state's effort to streamline tax compliance for businesses while ensuring that the due taxes are collected effectively to support state programs and services. Businesses are encouraged to file online through the MyDORWAY portal for efficiency, contributing to more straightforward compliance and administration of state tax obligations.

QuestionAnswer
Form NameSt 388 Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namessc form st 388, st 388 form, st 388 instructions, south carolina st 388 tax return

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1350

 

 

 

 

STATE OF SOUTH CAROLINA

 

ST-388

 

 

 

 

DEPARTMENT OF REVENUE

 

 

 

dor.sc.gov

STATE SALES, USE, AND ACCOMMODATIONS TAX RETURN

 

(Rev. 6/28/19)

 

 

 

5062

 

 

 

 

 

 

 

 

 

Place an X in all boxes that apply.

 

 

RETAIL LICENSE OR USE TAX REGISTRATION

 

 

AMENDED

Change of Address

Business Permanently Closed

 

 

 

 

 

 

 

 

 

 

 

 

(Make changes to

Date

 

 

 

 

 

 

 

Return

 

 

 

 

 

 

 

address below)

(Complete form C-278 and return your license.)

 

 

 

 

 

 

 

 

 

FEIN

 

 

 

 

 

 

 

If the area below is blank, fill in name and address.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SID Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period Ended (MM-YY)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ST-3T must be submitted with

 

 

 

 

 

COMPLETE THE WORKSHEET ON THE REVERSE SIDE FIRST.

 

 

 

the ST-388.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

File online at MyDORWAY.dor.sc.gov

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All gross proceeds of sales/rental,

 

.

 

 

 

 

 

 

 

 

Use Tax, accommodations, and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

withdrawals for own use (from

 

Column A

 

 

Column B

 

Column C

 

1

worksheet Item 3)

Sales/Use 6% (Tax Rate)

 

Sales/Use 5% (Tax Rate)

Accommodations 2% (Tax Rate)

 

 

Total gross proceeds of sales/rental, Use Tax,

 

.

 

 

.

 

 

 

 

 

and withdrawals at 6% rate (Column A); 5%

 

 

 

 

 

 

 

1A

rate on Accommodations Rentals (Column B)

 

 

 

 

 

 

 

(from worksheet Items 6 and 10)

 

 

 

 

 

 

 

 

 

 

 

 

Total gross proceeds of sales/

 

 

 

 

 

 

 

 

 

.

 

 

accommodations rentals at 2% rate

 

 

 

 

 

 

 

 

 

 

1B

(Column C) (from worksheet Item 14)

 

 

 

 

 

 

 

 

 

 

 

 

Total amount of deductions

 

.

 

 

.

 

 

.

 

2

(from worksheet Items 8, 12 and 16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

Net taxable sales and purchases

 

.

 

 

.

 

 

.

 

(subtract line 2 from line 1A or 1B)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.

 

 

.

 

 

.

 

4

Tax due (line 3 multiplied by tax rate)

6%

 

5%

2%

 

 

 

 

 

 

 

 

 

Total Sales

 

 

 

 

 

 

 

 

 

 

 

 

5

Total sales, use, and accommodations

 

 

 

 

 

 

.

 

 

 

 

(add line 4 of columns A, B, and C.)

 

5.

 

 

 

 

 

 

 

 

 

 

Local tax (column B, line 2, page 5 on

 

 

 

 

 

 

.

 

 

 

 

6

the ST-389)

 

 

6.

 

 

 

 

 

 

 

 

 

Total sales and local taxes

 

 

 

 

 

 

.

 

 

 

 

7

(add lines 5 and 6)

 

7.

 

 

 

 

 

 

 

 

 

8

Taxpayer's discount (See instructions. For

 

8.

 

 

 

 

.

 

 

 

 

timely filed returns and taxes paid in full only.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

Net tax payable (line 7 minus line 8)

 

9.

 

 

 

 

.

 

 

 

 

 

 

10A

Penalty (see instructions)

 

10A.

 

 

 

.

 

 

 

 

 

 

10B

Interest (see instructions)

 

10B.

 

 

 

.

 

 

 

 

10

Total penalty and interest

 

 

 

 

 

 

.

 

 

 

 

(add lines 10A and 10B)

 

10.

 

 

 

 

 

 

IMPORTANT:

 

 

 

 

 

 

 

 

 

Total amount due

 

 

 

 

 

 

 

 

11

 

11.

 

 

 

 

.

 

Sign and date page 2.

(add line 9 and line 10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Zero due: SCDOR, PO Box 125, Columbia, SC 29214-0101

Mail to: Balance due: SCDOR, PO Box 100193, Columbia, SC 29202

50621077

SALES AND USE TAX - Worksheet #1

Item 1.

Item 2. Item 3.

Gross proceeds of sales, accommodations, rentals and withdrawals for own

1.

use (total of all sales) DO NOT INCLUDE AMOUNT OF SALES TAX.

2.

Out-of-state purchases subject to Use Tax

All gross proceeds of sales/rental, Use Tax, accommodations, and withdrawals

3.

for own use (Add Items 1 and 2. Enter total here and on line 1 on front of ST-388.)

 

If local tax is applicable, enter total on line 1 of ST-389 worksheet.

Note: Sales of unprepared foods are exempt from the state Sales and Use Tax rate. However, local taxes still apply to sales of unprepared foods unless the local tax law specifically exempts such sales. Sales that are subject to a local tax must be entered on the ST-389 (local sales tax worksheet).

6% SALES AND USE TAX - Worksheet #2

Use this section to report the total of all sales and purchases subject to the state Sales Tax rate of 6%. Sales and purchases reported in this section include charges for meals, gift items, and additional guest charges (such as room service, amenities, phone charges, etc.). Do not report sales of accommodations on this section. Total sales of accommodations (subject to state tax rate of 7%) are reported on Worksheet #3 (for 5% tax reporting) and Worksheet #4 (for 2% tax reporting) to determine the total state Sales Tax due.

Item 4.

Item 5. Item 6.

Item 7.

Gross proceeds of sales/rentals and withdrawals of inventory for own use

4.

(Sales subject to 6% tax rate requirements)

 

Out-of-state purchases subject to Use Tax

5.

Total gross proceeds of sales at 6% (Add lines 4 and 5. Enter total here and on

6.

line 1A, Column A on front of ST-388.)

Sales and Use Tax allowable deductions (Itemize by type of deduction and amount of deduction)

Type of Deduction

Amount of Deduction

a. Sales exempt during "Sales Tax Holiday"

$

.

b. Sales over $100.00 delivered onto Catawba Reservation

$

 

$

$

$

Item 8. Total amount of deductions (Enter total amount of deductions here and on line 2, Column A on front of ST-388. )

Item 9. Net taxable sales and purchases (Subtract Item 8 from Item 6. Should be the same as line 3, Column A on front of ST-388.)

8.

<

>

 

 

 

9.

 

 

 

REMINDER: Form ST-389 must be completed and attached for all local taxes. Questions? Call toll-free 1-844-898-8542.

I authorize the Director of the SCDOR or delegate to discuss this return, attachments, and related tax matters with the

preparer.

Yes

No Preparer's name

 

Phone number

I hereby certify that I have examined this return and to the best of my knowledge and belief it is true and accurate.

Owner, partner, or other title

Daytime phone number

Printed name

Date

Taxpayer's signature

Email

IMPORTANT: Your return is DELINQUENT if it is postmarked after the 20th day following the close of the period. Sign and date the return.

50622075

5% SALES AND USE TAX - Worksheet #3

Use this section to report total charges for rooms, lodging, and accommodations subject to the state Sales Tax rate of 7%. The gross proceeds from charges for accommodations must be entered on Item 10 of Worksheet #3 (subject to 5% tax rate) and Item 14 of Worksheet #4 (subject to 2% tax rate) to properly report sales subject to 7% state Sales Tax rate.

Item 10.

Total gross proceeds of sales/accommodations rentals and withdrawals for 10.

 

own use (Sales subject to 5% Sales Tax and Accommodations Tax requirements.

 

Enter total here and on line 1A, Column B on front of ST-388.)

Item 11. Sales and Use Tax allowable deductions (Itemize by type of deduction and amount of deduction)

Type of Deduction

Amount of Deduction

a. Sales of accommodations for resale

$

 

$

 

$

 

$

 

$

 

$

 

$

Item 12.

Total amount of deductions (Enter total amount of deductions here and on

12.

<

 

line 2, Column B on front of ST-388.)

 

 

Item 13.

Net taxable sales and purchases (Subtract Item 12 from Item 10. Should be the

13.

 

 

same as line 3, Column B on front of ST-388.)

 

 

2% ACCOMMODATIONS TAX - Worksheet #4

 

Item 14.

Gross proceeds of sales from the rental of transient accommodations (Enter

 

 

 

total sales of accommodations here and on line 1B, Column C, on front of ST-388.)

14.

 

Item 15. Sales and Use Tax allowable deductions (Itemize by type and amount of deduction)

Type of Deduction

 

Amount of Deduction

Sales of accommodations for resale

$

 

 

$

 

 

$

 

Item 16.

Total amount of deductions

16.

<

Item 17.

(Enter total amount of deductions here and on line 2, Column C on front of ST-388.)

Net taxable sales and purchases of transient accommodations

 

 

 

(Subtract Item 16 from Item 14. Should be the same as line 3 of Column C

17.

 

 

on front of ST-388.)

 

>

>

50623073

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