Form RV-140 (SD Form 1774) Direct Payment Permit Application - South Dakota

What Is Form RV-140 (SD Form 1774)?

This is a legal form that was released by the South Dakota Department of Revenue - a government authority operating within South Dakota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form RV-140?
A: Form RV-140 is the South Dakota Direct Payment Permit Application.

Q: What is the purpose of Form RV-140?
A: The purpose of Form RV-140 is to apply for a Direct Payment Permit in South Dakota.

Q: Who needs to fill out Form RV-140?
A: Businesses in South Dakota that wish to apply for a Direct Payment Permit need to fill out Form RV-140.

Q: What is a Direct Payment Permit?
A: A Direct Payment Permit allows businesses to purchase goods without paying sales tax at the time of purchase.

Q: Are there any fees for applying for a Direct Payment Permit?
A: Yes, there is a non-refundable application fee for the Direct Payment Permit application.

Q: How long does it take to process the Form RV-140?
A: The processing time for Form RV-140 varies, but it typically takes a few weeks for the application to be processed.

Q: Can I use the Direct Payment Permit to avoid paying sales tax on all purchases?
A: No, the Direct Payment Permit can only be used for purchases directly related to the business's operations.

Q: What should I do if there are any changes to my business information after submitting Form RV-140?
A: You should notify the South Dakota Department of Revenue in writing of any changes to your business information.