Special deposit procedure for GST payments allows eligible registered persons to pre-fund electronic cash ledgers to meet monthly liabilities. Notification enables registered persons opted for quarterly returns to satisfy monthly payment obligations by depositing into the electronic cash ledger a proportion of tax liability computed from the preceding quarter's return (or last month of the immediately preceding quarter where monthly returns are filed). Deposits are not required where the electronic cash or credit ledger balance suffices for the month's or cumulative months' liability or where there is nil liability. Eligibility requires filing the return for a complete preceding tax period. The notification also specifies an effective commencement date.
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 for GST payments allows eligible registered persons to pre-fund electronic cash ledgers to meet monthly liabilities.
Notification enables registered persons opted for quarterly returns to satisfy monthly payment obligations by depositing into the electronic cash ledger a proportion of tax liability computed from the preceding quarter's return (or last month of the immediately preceding quarter where monthly returns are filed). Deposits are not required where the electronic cash or credit ledger balance suffices for the month's or cumulative months' liability or where there is nil liability. Eligibility requires filing the return for a complete preceding tax period. The notification also specifies an effective commencement date.
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