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of <h1>Individuals Must Pay Collected Tax Under Section 76 of Karnataka GST Act 2017 or Face Penalties and Interest</h1> Section 76 of the Karnataka Goods and Services Tax Act, 2017 addresses the obligation of individuals who have collected tax amounts but not remitted them to the government. Such individuals must pay the collected amounts regardless of the taxability of the related supplies. If the payment is not made, a notice is issued to show cause for non-payment and potential penalties. The officer evaluates any representations and determines the due amount, which must be paid along with interest. A hearing is granted upon request, and orders must be issued within one year, excluding any court-ordered stays. Any surplus after tax adjustment can be refunded.
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