Blank St 108 Form

1. What is Form ST-108?

   Form ST-108 is a certificate used in Indiana to confirm that the gross retail or use tax has been paid on the purchase of a motor vehicle or watercraft. This form is necessary for titling the vehicle or watercraft at the Bureau of Motor Vehicles (BMV).

2. Who needs to complete Form ST-108?

   The dealer selling the motor vehicle or watercraft must complete Form ST-108. Additionally, the purchaser will need this form when they go to title their purchase at the BMV.

3. What information is required on Form ST-108?

   The form requires several key pieces of information:

   • Name and address of the dealer
   • Dealer’s RRMC and TID numbers
   • Purchaser's name and address
   • Vehicle Identification Number (VIN) or Hull Identification Number (HIN)
   • Year, make, and model of the vehicle or watercraft
   • Total selling price and trade-in allowance
   • Amount of tax collected
4. How is the sales/use tax calculated?

   The sales/use tax is calculated by taking the total selling price and subtracting any trade-in allowance. The remaining amount is then multiplied by 7% to determine the tax to be collected.

5. What happens if the dealer does not complete the form correctly?

   If the form is not completed correctly, it may be rejected by the BMV. This means the purchaser will need to return to the dealer to obtain a valid form before they can title their vehicle or watercraft.

6. What is the significance of the seller’s signature on Form ST-108?

   The seller’s signature certifies that the sales/use tax has been collected and will be forwarded to the Indiana Department of Revenue. Without this signature, the form will be rejected by the BMV.

7. Can I claim an exemption from the tax using Form ST-108?

   No, Form ST-108 is not used to claim exemptions. If you believe you qualify for an exemption, you must complete Form ST-108E and submit it to the BMV at the time of licensing.

8. What should I do if I lose my Form ST-108?

   If you lose your Form ST-108, you should contact the dealer who sold you the vehicle or watercraft. They can provide you with a duplicate form or assist you in obtaining the necessary documentation for titling.

9. How can I ensure that my Form ST-108 is accepted by the BMV?

   To ensure acceptance, make sure that all required fields are filled out accurately. Double-check the dealer’s RRMC and TID numbers, and ensure that the seller has signed the form. This will help prevent any delays in titling your vehicle or watercraft.

Completing the ST-108 form can be straightforward, but several common mistakes often lead to complications. One frequent error occurs when individuals fail to provide the correct Registered Retail Merchant Certificate Number. This number must follow a specific format: ten digits for the TID and three digits for the LOC. If this requirement is not met, the form will be rejected, forcing the purchaser to return to the dealer for a valid number.

Another mistake involves the omission of essential vehicle identification information. Purchasers sometimes neglect to enter the Vehicle Identification Number (VIN) or the Hull Identification Number (HIN). This information is crucial for accurately identifying the vehicle or watercraft in question. Without it, the form may not be processed, resulting in delays and potential legal issues.

Additionally, many individuals miscalculate the amount subject to tax. This figure is derived from the total selling price minus any trade-in allowance. Errors in this calculation can lead to incorrect tax amounts being reported. It is essential to double-check these figures to ensure compliance with tax regulations.

Lastly, the signature section is often overlooked. The seller must sign the ST-108 to certify that the sales/use tax has been collected. Failure to include a signature will result in rejection by the license branch. This oversight can create unnecessary hurdles for both the seller and the purchaser, delaying the titling process.

When dealing with the purchase of a motor vehicle or watercraft in Indiana, the ST-108 form is essential. However, there are several other documents that often accompany it to ensure a smooth transaction. Here’s a brief overview of those forms and documents:

• ST-108E: This form serves as an affidavit of exemption for the purchaser. If a buyer claims an exemption from sales/use tax, both the purchaser and the dealer must complete this form and submit it to the license branch during licensing.
• Title Application (Form BMV 2021): This application is necessary for titling the vehicle or watercraft. It includes details about the vehicle, the buyer, and the seller, and is submitted to the Bureau of Motor Vehicles (BMV).
• Bill of Sale: A bill of sale acts as proof of the transaction between the buyer and seller. It outlines the details of the sale, including the purchase price, vehicle information, and the parties involved.
• Sales Tax Report: Dealers must submit a sales tax report to the Indiana Department of Revenue, detailing the sales/use tax collected from buyers. This report ensures compliance with state tax laws.
• Dealer's License: This document proves that the dealer is authorized to sell vehicles or watercraft in Indiana. It contains important information about the dealer's registration and compliance with state regulations.
• Vehicle History Report: While not mandatory, a vehicle history report provides buyers with important information about the vehicle's past, including accidents, title issues, and previous ownership. It can help buyers make informed decisions.
• Insurance Information: Proof of insurance is often required before a vehicle can be titled. Buyers must provide documentation showing that they have secured insurance coverage for the vehicle or watercraft.
• Odometer Disclosure Statement: This statement is required for vehicles under 10 years old and certifies the vehicle's mileage at the time of sale. It helps prevent odometer fraud and ensures transparency in the transaction.

Understanding these documents can help streamline the process of purchasing a motor vehicle or watercraft in Indiana. Being prepared with the right paperwork not only facilitates a smoother transaction but also ensures compliance with state regulations.

The ST-108 form is a certificate that indicates the payment of gross retail or use tax on the purchase of a motor vehicle or watercraft. Several other documents share similar purposes or functions. Below is a list of these documents, along with a brief explanation of how they relate to the ST-108 form.

• Form ST-108E: This form serves as an affidavit of exemption for purchasers claiming tax exemptions. Like the ST-108, it is submitted to the license branch during vehicle or watercraft titling.
• Form ST-1: The ST-1 is used for sales tax exemption certificates. It allows purchasers to claim exemptions from sales tax, similar to how the ST-108E works with the ST-108.
• Form ST-3: This is a sales tax exemption certificate for resale purposes. It is similar to the ST-108 in that it certifies that no sales tax is due on a transaction, albeit for resale rather than for personal use.
• Form ST-4: This form is for claiming a sales tax exemption for certain types of purchases. Like the ST-108, it provides documentation necessary for tax compliance and exemption claims.
• Form ST-5: The ST-5 is a certificate of exemption for government entities. It serves a similar function to the ST-108 by confirming that a transaction is exempt from sales tax.
• Form ST-6: This form is for claiming an exemption for manufacturing equipment. It functions similarly to the ST-108 in that it certifies the tax-exempt status of a purchase.
• Form ST-7: The ST-7 is a sales tax exemption certificate for nonprofit organizations. Like the ST-108, it is used to validate that certain purchases are exempt from sales tax.

When filling out the ST-108 form, it is crucial to follow specific guidelines to ensure accuracy and compliance. Here is a list of things you should and shouldn't do:

• Do print or type all information clearly to avoid any misunderstandings.
• Do include the dealer's name exactly as it appears on the Registered Retail Merchant Certificate.
• Do provide the correct Federal Identification Number (FID) if applicable.
• Do ensure the RRMC number is formatted correctly: 10 digits followed by a dash and 3 digits.
• Do list the total selling price, including all applicable costs except federal excise tax.

• Don't leave any sections blank; incomplete forms may be rejected.
• Don't use a trade-in allowance for non-like-kind vehicles or watercraft.
• Don't forget to sign the form; an unsigned form will lead to rejection.
• Don't misrepresent the vehicle identification information; accuracy is essential.
• Don't submit the form without double-checking all entries for correctness.

• Misconception 1: The ST-108 form is only necessary for new vehicles.

  This is not true. The ST-108 form is required for both new and used vehicles, as well as watercraft. If you're purchasing any type of motor vehicle or watercraft, you need to present this form to show that the gross sales or use tax has been paid.

• Misconception 2: The ST-108 form can be submitted without the dealer's information.

  Incorrect. The form must include specific dealer information, such as the dealer's name, RRMC number, and license number. If this information is missing or incorrect, the form will be rejected by the license branch.

• Misconception 3: Trade-in allowances apply to any vehicle or watercraft.

  This is a common misunderstanding. Trade-in allowances are only applicable for like-kind exchanges. For instance, trading a boat for a car does not qualify for a tax reduction. The trade-in must be of the same type, such as a car for another car.

• Misconception 4: Signing the ST-108 is optional.

  This is false. The seller must sign the ST-108 to certify that the sales or use tax has been collected. If the form is not signed, it will be rejected, and the purchaser will need to return to the seller to obtain the necessary signature.

Here are some key takeaways about filling out and using the ST-108 form:

• Complete Dealer Information: Ensure you fill in all dealer details accurately, including the dealer's name, RRMC number, and address. Missing or incorrect information can lead to rejection.
• Vehicle Identification: Clearly enter the Vehicle Identification Number (VIN) or Hull Identification Number (HIN), along with the year and model of the vehicle or watercraft.
• Calculate Sales/Use Tax Correctly: Include all relevant costs in the total selling price. Remember, federal excise tax is not included in this calculation.
• Trade-In Allowance: Only like-kind vehicles or watercraft qualify for trade-in allowances. Make sure to provide details about the trade-in item.
• Signature Requirement: The seller must sign the form to certify that the sales/use tax has been collected. Without a signature, the form will be rejected.
• Exemption Process: If claiming an exemption, both the purchaser and dealer must complete Form ST-108E and submit it at the time of licensing.