Dealer whose tax period is ‘Quarter’ and who was liable to pay net tax above one lac rupees during the previous financial year or whose tax liability exceeds one lax rupees at any time during the current financial year
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Monthly deposit requirement for quarterly dealers when tax liability exceeds threshold; payment due within twenty-one days. Dealers with a 'Quarter' tax period who were liable to pay net tax above one lac rupees in the previous financial year, or whose tax liability exceeds one lac rupees during the current year, must deposit due tax for each calendar month within 21 days of the end of that month, converting their payment frequency to monthly where the specified net tax threshold is met.
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.
Monthly deposit requirement for quarterly dealers when tax liability exceeds threshold; payment due within twenty-one days.
Dealers with a 'Quarter' tax period who were liable to pay net tax above one lac rupees in the previous financial year, or whose tax liability exceeds one lac rupees during the current year, must deposit due tax for each calendar month within 21 days of the end of that month, converting their payment frequency to monthly where the specified net tax threshold is met.
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