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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Failure to Remit Collected Tax Under Punjab GST Act 2017 Leads to Immediate Payment Obligation and Potential Penalties</h1> Under the Punjab Goods and Services Tax Act, 2017, any person who collects tax but fails to remit it to the government must pay the amount immediately, regardless of the taxability of the related supplies. If unpaid, a notice is issued requiring the person to justify non-payment and potential penalties. Following a review of any representations, the due amount is determined and 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 after tax adjustment is refunded or credited, with refund applications processed under section 54.
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