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of <h1>Collector who withholds tax must immediately remit; officer may issue notice, impose equal penalty, interest, and one-year reasoned order</h1> Any person who collects an amount as tax but fails to pay it to the Government must immediately remit that amount, regardless of whether the underlying supplies are taxable. The proper officer may issue a show-cause notice and, after considering representations and granting a hearing if requested, determine the amount due and may impose a penalty equal to that amount. Interest is payable from the date of collection until payment. The officer must issue a reasoned order within one year of the notice, excluding any period of judicial stay. Amounts paid are adjusted against tax liability; any surplus is credited to the Fund or refunded, and the ultimate payer may seek refund under the refund provisions.
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