Special deposit requirement: eligible quarterly filers must pre-deposit part of quarterly tax into the electronic cash ledger before monthly compliance. Notification permits registered persons who have opted for quarterly returns to follow a special procedure requiring them to deposit an amount in the electronic cash ledger equal to thirty five per cent of the tax liability in the preceding quarter (for quarterly filers) or equal to the tax debited in the last month of the preceding quarter (for monthly filers), subject to exclusions where ledger balances are adequate or where there is nil liability, and subject to prior furnishing of a return for a complete tax period.
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.
Special deposit requirement: eligible quarterly filers must pre-deposit part of quarterly tax into the electronic cash ledger before monthly compliance.
Notification permits registered persons who have opted for quarterly returns to follow a special procedure requiring them to deposit an amount in the electronic cash ledger equal to thirty five per cent of the tax liability in the preceding quarter (for quarterly filers) or equal to the tax debited in the last month of the preceding quarter (for monthly filers), subject to exclusions where ledger balances are adequate or where there is nil liability, and subject to prior furnishing of a return for a complete tax period.
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