Tax collected but not paid: collectors must remit amounts to Government; failure attracts notice, penalty and interest. Persons who have collected amounts representing tax and have not paid them to the Government must immediately remit those amounts. The proper officer may issue a show cause notice, determine the amount due after considering representations, and require payment. The person is also liable to pay interest from the date of collection to the date of payment. A hearing must be granted on written request, the officer must issue a reasoned order within one year (excluding judicial stay), and amounts paid are adjustable against tax payable with any surplus credited to the Fund or refunded.
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.
Provisions expressly mentioned in the judgment/order text.
Tax collected but not paid: collectors must remit amounts to Government; failure attracts notice, penalty and interest.
Persons who have collected amounts representing tax and have not paid them to the Government must immediately remit those amounts. The proper officer may issue a show cause notice, determine the amount due after considering representations, and require payment. The person is also liable to pay interest from the date of collection to the date of payment. A hearing must be granted on written request, the officer must issue a reasoned order within one year (excluding judicial stay), and amounts paid are adjustable against tax payable with any surplus credited to the Fund or refunded.
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