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of <h1>Failure to Remit Collected Tax Under Section 76 of GST Act Leads to Immediate Payment and Possible Penalties</h1> Under Section 76 of the Jharkhand Goods and Services Tax Act, 2017, any person who collects tax on behalf of the government but fails to remit it must pay the collected amount to the government immediately, regardless of the taxability of the related supplies. If unpaid, a notice is issued to show cause for non-payment and potential penalties. After considering any representations, the proper officer determines the due amount, which must be paid with interest. A hearing is granted upon request, and an order is issued within one year, excluding any court-ordered stays. Any surplus post-adjustment may be refunded or credited.
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