ARSD § 64:06:01:41 — Returned merchandise

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64:06:01:41. Returned merchandise. If a retailer sells
tangible personal property or any product transferred electronically and the
goods are returned by the customer, the transaction is handled as follows:
(1) If the retailer has included in gross sales the total selling
price of the property and has remitted sales tax to the department, the
retailer may claim a credit as returned goods for the amount of the sale on a
subsequent sales and use tax return if sales tax was returned to the purchaser
at the time the goods were returned; and (2) If a retailer makes a
time sale and has included in the gross receipts only the amount of each
payment actually received from the time sale, the retailer may claim a credit
as returned goods on a subsequent sales and use tax return the amount of the
sale reported on prior sales and use tax returns if the retailer has returned
to the customer the tax which the retailer collected on payments previously
received from the customer.