Special deposit procedure requires registered quarterly filers to place a prescribed portion of prior tax liability into electronic cash ledger before monthly filings. Notification allows registered persons who file quarterly returns to, in the first or second month of a quarter, discharge part of their tax liability by depositing an amount in the electronic cash ledger based on tax paid in the preceding return period; exemptions apply where ledger balances suffice or liability is nil, and eligibility requires filing the return for a complete preceding 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 procedure requires registered quarterly filers to place a prescribed portion of prior tax liability into electronic cash ledger before monthly filings.
Notification allows registered persons who file quarterly returns to, in the first or second month of a quarter, discharge part of their tax liability by depositing an amount in the electronic cash ledger based on tax paid in the preceding return period; exemptions apply where ledger balances suffice or liability is nil, and eligibility requires filing the return for a complete preceding tax period.
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