Tax collected but not paid: obligation to remit collected GST with recovery, interest, and penalty consequences. A person who has collected any amount as tax and not paid it to the Government must immediately remit it; the proper officer may issue a show cause notice ... Summary
Tax collected but not paid: obligation to remit collected GST with recovery, interest, and penalty consequences.
A person who has collected any amount as tax and not paid it to the Government must immediately remit it; the proper officer may issue a show cause notice proposing payment and a penalty, determine the amount after representations, and require payment. Interest accrues from collection to payment at the rate under section 50. A hearing is available on written request and the officer must issue a reasoned order within one year, excluding periods of judicial stay. Payments are adjustable against tax liability and any surplus is refundable or credited to the Fund.
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