Instructions for Form ST-1, 010 Schedule GT Sales and Use Tax Holiday and Grocery Tax Suspension Schedule - Illinois

Form ST-1 (010) Schedule GT Sales and Use Tax Holiday and Grocery Tax Suspension Schedule - Illinois

This document contains official instructions for Form ST-1 Schedule GT and Form 010 Schedule GT . Both forms are released and collected by the Illinois Department of Revenue. An up-to-date fillable Form ST-1 (010) Schedule GT is available for download through this link.

FAQ

Q: What is Form ST-1?
A: Form ST-1 is a form used in Illinois for reporting and paying sales and use tax.

Q: What is Schedule GT?
A: Schedule GT is a schedule on Form ST-1 used to report sales and use tax exemptions related to sales tax holidays and grocery tax suspensions.

Q: What is a sales tax holiday?
A: A sales tax holiday is a period of time during which certain items are exempt from sales tax.

Q: What is a grocery tax suspension?
A: A grocery tax suspension is a period of time during which the sales tax rate on grocery items is reduced or temporarily eliminated.

Q: Who needs to file Form ST-1 Schedule GT?
A: Retailers in Illinois who participate in sales tax holidays or grocery tax suspensions need to file Form ST-1 Schedule GT.

Q: How often do retailers need to file Schedule GT?
A: Retailers need to file Schedule GT on a monthly basis.

Q: What information is required on Schedule GT?
A: Schedule GT requires retailers to report the total sales amount, taxable amount, and exempt amount for each individual item exempted or subject to reduced tax rates during a sales tax holiday or grocery tax suspension.

Q: When is the deadline for filing Schedule GT?
A: Schedule GT must be filed by the 20th day of the month following the end of the reporting period.