South Carolina DOR Explains Tax Implications of Retailers Withdrawing Items from Inventory for Use

Recently adopted South Carolina Department of Revenue guidance explains the South Carolina sales tax implications of a retail business withdrawing items from its inventory for the business’ own use, as well as South Carolina’s specific provisions on withdrawals for use for certain industries concluding that unless an enumerated exclusion applies, all withdrawals for use are taxable retail sales.

Source Deloitte

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