Special deposit procedure: registered quarterly filers must deposit a portion of tax liability into their electronic cash ledger before month end. Notification permits specified registered persons who opt for quarterly returns to follow a special procedure requiring an advance deposit into the electronic cash ledger in the first and/or second month of a quarter equal to a portion of tax liability computed from the preceding quarter's return (or last month of the immediately preceding quarter for monthly filers). No deposit is required where electronic cash or credit ledger balances are adequate or where there is nil liability. Eligibility requires furnishing 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: registered quarterly filers must deposit a portion of tax liability into their electronic cash ledger before month end.
Notification permits specified registered persons who opt for quarterly returns to follow a special procedure requiring an advance deposit into the electronic cash ledger in the first and/or second month of a quarter equal to a portion of tax liability computed from the preceding quarter's return (or last month of the immediately preceding quarter for monthly filers). No deposit is required where electronic cash or credit ledger balances are adequate or where there is nil liability. Eligibility requires furnishing the return for a complete preceding tax period.
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