As a business entity, if you "store use" your inventory, are you required

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to charge yourself State Sales Tax? ...meaning, the applicable State Sales Tax for the state that you conduct your business in. Currently when I make purchases from my own inventory, I sell it at cost and pay the applicable sales tax for my state (that is, if sales taxes were not originally paid when the product was purchased for resale). Is this the correct way to do it?

Any help or suggestions would be much appreciated. Thanks in advance!
 
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