Obligation to remit collected tax: failure permits recovery proceedings and a penalty equal to the unpaid collected amount. A person who collects tax from another must remit that amount to the government; non-remittance authorises the proper officer to issue a show cause notice ... Summary
Obligation to remit collected tax: failure permits recovery proceedings and a penalty equal to the unpaid collected amount.
A person who collects tax from another must remit that amount to the government; non-remittance authorises the proper officer to issue a show cause notice for recovery and to impose a penalty equivalent to the amount not deposited (Sec.76(1)&(2)).
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