Golde's Department Stores, Inc. v. Director of Revenue

HAMILTON, Presiding Judge.

Appellant Golde’s Department Stores, Inc. (hereinafter Golde’s), a Missouri corporation, appeals the decision of the Administrative Hearing Commission (hereinafter Commission) upholding the Director of Revenue’s denial of Golde’s claim for sales tax refund. We reverse and remand.

Golde’s is a retail department store that issues its own credit card. For the period of July, 1984 to March, 1988, Golde’s computed its sales tax on the basis of its gross sales, not gross receipts. Thus, Golde’s reported its credit sales in advance of receipt of the sales price and never…