Chapter XIX exclusion applies to payments received by the International Rice Research Institute, subject to specified privileges and immunities condit...
Statutory GST notice and personal hearing remain essential before adverse reverse-charge demands, while unnotified catering cannot trigger reverse cha...
Section 76(1) applies to every person who collects an amount as representing GST and does not pay it to the Government, without limiting its scope to unauthorised collections or unregistered persons. A registered supplier that collects GST through valid invoices but files nil or no returns and fails to remit the collection falls within the provision, regardless of whether the underlying supplies are taxable. The prescribed penalty equals the tax collected and not remitted. On that basis, the appellate deletion of penalty was reversed and the penalty restored.
Section 76(1) applies to every person who collects an amount as representing GST and does not pay it to the Government, without limiting its scope to unauthorised collections or unregistered persons. A registered supplier that collects GST through valid invoices but files nil or no returns and fails to remit the collection falls within the provision, regardless of whether the underlying supplies are taxable. The prescribed penalty equals the tax collected and not remitted. On that basis, the appellate deletion of penalty was reversed and the penalty restored.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
