64:06:01:50.  Tax on gross receipts. Sales tax must be computed and paid to the state on taxable receipts even though such receipts include single sales on which no tax may be charged to the customer. A seller may elect to compute tax due on a transaction on an item or invoice basis. The rounding rule as defined in § 10-45-1.4 may be applied to the aggregated state and local tax or applied separately to each tax.

          Source: SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 30 SDR 211, effective July 1, 2004.

          General Authority:SDCL 10-45-47.1.

          Law Implemented:SDCL 10-45-1.4, 10-45-2.