Dear community,
The product engineering team is investigating various situations and real-life scenarios that happen around tax calculation upon purchase and use of material for projects.
In particular, we would like to hear from you what’s a typical practice today in the following cases:
What does a construction company do, if
- They bought material for a specific project, paid use tax for it. After the work was completed, they returned the remainder material to the vendor. Will the construction company claim the respective portion of the use tax from the tax authority?
- They bought material for a specific project, paid sales tax to the vendor. After the work was completed, they decided to sell the unused remainder material on the market. Will the construction company claim the respective portion of the sales tax from the tax authority?
Your thoughts and feedback will be greatly appreciated.
Thank you in advance!