64:06:01:37.  Refunds to consumers. If a retailer allows a refund or credit to a customer and the refund or credit is deductible from the retailer's gross receipts, the retailer must return to, or credit the customer with the amount of tax passed on to the customer on the amount of deductible gross receipts. Refunds on merchandise, the sales of which were included in the gross taxable receipts may be entered in the tax return as a deduction on the line provided for such purpose.

          Source: SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 28 SDR 178, effective July 1, 2002; 32 SDR 225, effective July 3, 2006.

          General Authority: SDCL 10-45-47.1, 10-45D-13(2), 10-46E-11(2), 10-52-4, 10-52A-7(2).

          Law Implemented: SDCL 10-45-29, 10-45D-12, 10-46E-8, 10-52-4, 10-52A-6.