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of <h1>Failure to Remit Collected Tax Under Section 76 of GST Act Leads to Penalty and Interest Charges</h1> Under Section 76 of the West Bengal Goods and Services Tax Act, 2017, any person who collects tax under this Act but fails to remit it to the government must immediately pay the amount, regardless of whether the related supplies are taxable. If unpaid, the proper officer issues a notice to show cause and may impose a penalty equal to the unpaid amount. The person must pay the determined amount plus interest. A hearing is granted upon request, and the officer must issue an order within a year, excluding any stay period. Any surplus after tax adjustment is credited or refunded. The person who bore the tax can seek a refund per Section 54.
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