Penalty imposed on GST collected but not deposited to Government even after Tax payment within 30 days from Notice

Penalty imposed on GST collected but not deposited to Government even after Tax payment within 30 days from Notice https://www.taxtmi.com/article/detailed?id=12022 The court interpreted the statutory scheme to treat failure to credit GST collected from recipients to the government as attracting penalty liability even where the supplier paid the demanded tax and interest within the statutory notice period, thereby distinguishing timely payment after notice from the separate obligation to remit collected amounts. en-us Mon, 06 Nov 2023 10:38:14 +0530 Mon, 06 Nov 2023 10:38:14 +0530 TaxTMI RSS Generator Penalty imposed on GST collected but not deposited to Government even after Tax payment within 30 days from Notice https://www.taxtmi.com/article/detailed?id=12022 The court interpreted the statutory scheme to treat failure to credit GST collected from recipients to the government as attracting penalty liability even where the supplier paid the demanded tax and interest within the statutory notice period, thereby distinguishing timely payment after notice from the separate obligation to remit collected amounts. Articles Goods and Services Tax - GST Mon, 06 Nov 2023 10:38:14 +0530 https://www.taxtmi.com/article/detailed?id=12022