Inventories

Official textportal.ct.govlast amended Apr 11, 2006

# (a)

Each licensed distributor shall, on forms prescribed by the commissioner, take a physical inventory at the close of business on the last day of each month, whether or not a perpetual inventory is kept. The commissioner may, without prior notice to the licensed distributor, assign an authorized officer of the Department of Revenue Services to assist in the taking of such physical inventory. The forms shall be furnished by the Department of Revenue Services, Audit Division, Excise Tax Subdivision. The forms attributable to the physical inventory taken at the close of business on the last day of June and December shall be submitted with the monthly return referred to in section 12-437 of the general statutes and section 12-449-10a for the tax period ending on the last day of June and December, respectively.

# (b)

This section is prescribed pursuant to section 12-449 of the general statutes.

Amendment history

December 26, 1985; amended April 11, 2006

Source: official regulations index (title 12 publishes as one PDF)

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