23 VAC Title 23 Agency 10 — Virginia Tax Regulations
23VAC10-210-6080
Wholesalers
# A.
A wholesaler, as distinguished from a retailer, is a seller who sells for resale only. If a seller sells to any user or consumer, however large or small, he becomes a retailer for those sales. If he fails to keep adequate records to show sales for resale and retail sales separately, he is required to pay the tax as a retailer on both classes of his business.
# B.
Every wholesaler is required to keep a record of all sales of tangible personal property, whether such sales be for cash or credit. These records must include the name and address of the purchaser, the number of the Certificate of Registration issued to the purchaser, the date of the purchase, the article purchased and the price at which the article is sold to the purchaser. Records must be kept for three years.
Source: view the official text
Nearby sections (25 sections)
- 10-210-5080 · (Repealed.)
- 10-210-6000 · Transportation or delivery charges
- 10-210-6010 · Trustees, receivers, assignees, executors, and…
- 10-210-6020 · Typesetting
- 10-210-6030 · Use tax
- 10-210-6040 · Vending machine sales; generally
- 10-210-6041 · Vending machine sales; dealers engaged in the business of…
- 10-210-6042 · Vending machine sales; dealers under contract with…
- 10-210-6043 · Vending machine sales; other dealers selling tangible…
- 10-210-6050 · Veterinarians
- 10-210-6060 · Watercraft sales, leases, and rentals; repair and…
- 10-210-6070 · Welfare assistance redeemable in goods
- 10-210-6080 · Wholesalers
- 10-220-5 · Definitions
- 10-220-10 · Tax levied
- 10-220-20 · Basis of tax; estimate of tax; penalty for misrepresentation
- 10-220-30 · Credit against tax
- 10-220-40 · Exemptions
- 10-220-50 · Time for payment of tax
- 10-220-60 · Election by commercial dealer, revocation, eligibility
- 10-220-70 · Retention of documents; examination by Commissioner
- 10-220-80 · (Repealed.)
- 10-230-10 · (Repealed.)
- 10-230-20 · Watercraft exclusion
- 10-230-30 · Definitions