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of <h1>Unpaid GST Collected Must Be Remitted Immediately Under Section 76; Penalties and Interest Apply for Delays.</h1> Section 76 of the Central Goods and Services Tax Act, 2017 mandates that any person who collects tax under this Act but fails to remit it to the government must immediately do so, regardless of whether the supplies are taxable. If unpaid, the proper officer issues a notice for payment and potential penalties. The officer determines the amount due after considering any representation from the liable person. Interest is charged on unpaid amounts, and a hearing is granted upon request. Orders must be issued within one year, excluding any court-ordered stays. Surplus payments can be adjusted, credited, or refunded as applicable.
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