Tax collected but not paid: immediate obligation to remit collected tax, subject to show-cause, interest and recovery procedures.

Persons who have collected tax but not remitted it must immediately pay the collected amount to the Government; the proper officer may issue a show-cause notice proposing payment and penalty, determine the amount after representation, and require payment. Interest accrues from collection to payment. A requested hearing must be granted, the officer must issue a reasoned order within one year (excluding stays), payments are adjustable against tax payable, and any surplus is credited to the Fund or refunded with refunds processed under section 54.

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