Tax collected but not paid must be remitted to Government, with interest, notice, and adjustment of any surplus. Tax collected from any person as representing tax under the CGST Act, but not paid to the Government, must be paid forthwith, even if the underlying ... Summary
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.
Tax collected but not paid must be remitted to Government, with interest, notice, and adjustment of any surplus.
Tax collected from any person as representing tax under the CGST Act, but not paid to the Government, must be paid forthwith, even if the underlying supplies are taxable or not. The proper officer may issue a show-cause notice for the unpaid amount and penalty, determine the amount due after considering representation, and the person must also pay interest from the date of collection until payment. Amounts paid are adjusted against tax payable, and any surplus may be credited to the Fund or refunded to the person who bore the incidence.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
