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of <h1>Individuals Collecting GST Must Deposit With Government or Face Penalty; Notice Issued for Non-Payment Under GST Act, 2016.</h1> Any person who collects tax under the Goods and Services Tax Act, 2016, but fails to deposit it with the Central or State Government must immediately do so, regardless of the taxability of the supplies. If unpaid, a notice will be issued requiring the person to justify non-payment, potentially resulting in a penalty equal to the unpaid amount. The individual must pay the determined amount with interest. A personal hearing can be requested, and an order must be issued within one year, excluding any court-ordered stays. Excess payments may be adjusted against tax liabilities or refunded to the person who bore the cost.
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