Overpaid Of Sales Tax Returns

I made a mistake on my last return that resulted in my sending in too much sales tax. May I deduct my overpayment on the credit line of my next return?
Posted 1 year ago  | 
Taxation & Duty
Taxation & Duty

1 Answer(s)

Deepika Gill
Advocate

No. You must file an amended return. The Department will review the amended return and will issue you a cash refund (if you request) or a credit memo if an overpayment for the prior period is approved. If you are mailed a credit memo, you may deduct that amount from the next sales tax return you file. You should attach a copy of the credit memo to the return.