Deemed assessee in default for failure to collect or remit tax, with penalty only if no good reason shown. Amendments to section 206C redefine responsible parties and adjust temporal provisions, and insert sub section (6A) deeming any person responsible for collecting tax who fails to collect or to remit collected tax as an assessee in default, while permitting penalty under section 221 only where the Assessing Officer is satisfied there were no good and sufficient reasons for the failure; terminology replaces 'seller' with 'person responsible for collecting tax' and ties interest payment to the quarterly statement filing.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deemed assessee in default for failure to collect or remit tax, with penalty only if no good reason shown.
Amendments to section 206C redefine responsible parties and adjust temporal provisions, and insert sub section (6A) deeming any person responsible for collecting tax who fails to collect or to remit collected tax as an assessee in default, while permitting penalty under section 221 only where the Assessing Officer is satisfied there were no good and sufficient reasons for the failure; terminology replaces "seller" with "person responsible for collecting tax" and ties interest payment to the quarterly statement filing.
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