Step 2. 721 (Tax Return) Excise and Container …

Field Name

Description

Description of Merchandise

Description of Merchandise – This is a required entry field.  Taxpayer should enter a brief description of the merchandise.

Item No.

Item Number – This is a required entry field.  Taxpayers should select or enter the appropriate tax category from the drop-down box.

Invoice Date

Invoice Date – This is a required entry field.

Invoice No.

Invoice Number – This is a required entry field.

Net Invoice

Net Invoice – This is required entry field.  Taxpayers should determine this value from the invoice.  Net Invoice amount should always be rolled-up collectively based on Item Number.  For example, if your shipment contains multiple line items for “rugs”, then you should manually calculate the total invoice amount for ALL rugs and enter them on only one (1) line in ExciseWeb.  The Net Invoice value should never include the Shipping Fee.

No. of Cases or Containers

Number of Cases or Containers – This is an optional entry field.  Taxpayers should enter this data whenever it applies (e.g. Sodas, Beers, Containers, etc.).  Use of this field is based on the Item No. selected.

Net + 5%

Net Invoice Value plus 5% - This is a display-only field value.  ExciseWeb automatically calculates this value based on Net Invoice input.

Tax Rate

Tax Rate – This is a display-only field value.  ExciseWeb shows the applicable Tax Rate for each selected Item Number.

Tax Per Case or Container

Tax per Case or Container – This is a display-only field value.  ExciseWeb automatically calculates this value based on Net Invoice and the Number of Cases/Containers.

Total Tax

Total Tax Due – This is a display-only field value.  ExciseWeb automatically calculates this value based on the data entered.  Taxpayers will see a “Total Tax” value for each Line Item entered as well as a “final” Total Tax due located at the bottom of the Step 2 screen.