This document contains official instructions for Form PST-1 , Prepaid Sales Tax Return - a form released and collected by the Illinois Department of Revenue. An up-to-date fillable Form PST-1 (033) is available for download through this link.
Q: What is Form PST-1?
A: Form PST-1 is the Prepaid Sales Tax Return.
Q: Who needs to file Form PST-1?
A: Businesses in Illinois that have collected prepaid sales tax must file Form PST-1.
Q: What is prepaid sales tax?
A: Prepaid sales tax is the tax collected by businesses in Illinois at the time of sale, which is then remitted to the state.
Q: When is Form PST-1 due?
A: Form PST-1 is due on or before the 20th day of the month following the end of the reporting period.
Q: What information do I need to include on Form PST-1?
A: You will need to provide information about your business, as well as details about the prepaid sales tax collected and remitted.
Q: Are there any penalties for late filing of Form PST-1?
A: Yes, there are penalties for late filing, including potential interest charges.
Instruction Details:
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