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 ... Summary
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.
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