Deposit obligation for collected tax: amounts collected as tax must be remitted to government credit regardless of supply taxability. A person who collects any amount from another as representing tax must deposit that amount to the credit of the Central or a State Government, regardless of whether the supplies in respect of which the amount was collected are taxable; the collected sums are treated as funds held for government credit and must be remitted accordingly.
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.
Deposit obligation for collected tax: amounts collected as tax must be remitted to government credit regardless of supply taxability.
A person who collects any amount from another as representing tax must deposit that amount to the credit of the Central or a State Government, regardless of whether the supplies in respect of which the amount was collected are taxable; the collected sums are treated as funds held for government credit and must be remitted accordingly.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.