| gen. |
goods for resale (Goods for resale are goods acquired by an enterprise for the purpose of reselling them without further processing. Also raw materials acquired by an enterprise for the purpose of reselling them as such are deemed to be goods for resale. Alexander Demidov); goods purchased for resale (A category of finished items that are sold to a retailer by a manufacturer or distributer and are eventually intended to be sold to consumers for profit. These are not considered end-user goods at the time of purchase by the retailer because are still in the distribution phase. This is an important distinction because any sales tax paid by the retailer for these goods is considered a cost of doing business and can qualify as a tax reduction. Use this term in a sentence New Jersey does not charge sales tax on goods purchased for resale or on capital improvements but does charge sales tax on certain services. Source: Sales taxes in the United States – Wikipedia, the free encyclopedia Read more:  businessdictionary.com Alexander Demidov) |
