South Carolina Code of Regulations — Chapter 117 (Revenue)
S.C. Code Regs. 117-318
Gross Proceeds of Sales and Sales Price
Official textscstatehouse.gov
''Gross proceeds of sales'' is the basis for calculating the sales tax and ''sales price'' is the basis for calculating the use tax. There are many issues that arise from determining what is or is not included in the basis for the tax. The following will address some of these issues.
Source: official source document (full Chapter 117 PDF)
In this article (40 sections)
- 117-314.2 · Building Materials
- 117-314.3 · Transferred Property, Use Tax Liability
- 117-314.4 · Awnings
- 117-314.5 · Elevators
- 117-314.6 · Pumps
- 117-314.7 · Pump Installed by Contractor
- 117-314.8 · Crossties, Timbers, Etc
- 117-314.9 · Contractors Equipment, Useful Life of
- 117-314.10 · Machines, Pipe Threading
- 117-314.11 · Federal Government Construction Contracts
- 117-315 · Newspapers and Newsprint Paper
- 117-315.1 · Newspapers
- 117-315.2 · Newsprint Paper
- 117-315.3 · Newspaper Publishers
- 117-316 · Books
- 117-316.1 · Textbooks
- 117-316.2 · Sale of Books to Libraries
- 117-317 · Sales of Repossessed Property
- 117-317.1 · Finance Companies and Other Lending Institutions
- 117-317.2 · Retailers
- 117-318 · Gross Proceeds of Sales and Sales Price
- 117-318.2 · Carrying and Finance Charges
- 117-318.3 · Lay-away Sales
- 117-318.4 · Withdrawals for Use-Renter
- 117-318.5 · Gift Wrapping Charges
- 117-318.6 · Gratuities
- 117-318.7 · Bottle Deposits
- 117-318.8 · Returned Merchandise and Restocking Fees (Effective October…
- 117-319 · Warehousemen
- 117-320 · Use Tax
- 117-320.1 · Property Purchased and Used Without the State TTT Later…
- 117-320.2 · Vehicles Replaced under Insurance Contracts
- 117-321 · Ships and Sales of Fuel, Lubricants and Mechanical Supplies…
- 117-321.1 · Sales of Fuel, Lubricants and Mechanical Supplies
- 117-321.2 · Dry Dock
- 117-322 · Casual and Isolated Sales
- 117-323 · Exemption of the Gross Proceeds of the Sale of Combustible…
- 117-324 · Dual Business
- 117-326 · Savings and Loan Associations
- 117-327 · Leased Departments