Special deposit procedure for tax liability allows quarterly filers to pre-deposit proportional tax in early months of the quarter. Notification allows certain registered persons who opt for quarterly returns to make early deposits in the electronic cash ledger in the first and/or second month of a quarter, equal to a proportion of the tax liability shown in the relevant preceding return; exemptions apply where ledger balances are adequate or liability is nil, and eligibility requires furnishing the return for a complete preceding tax period.
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Provisions expressly mentioned in the judgment/order text.
Special deposit procedure for tax liability allows quarterly filers to pre-deposit proportional tax in early months of the quarter.
Notification allows certain registered persons who opt for quarterly returns to make early deposits in the electronic cash ledger in the first and/or second month of a quarter, equal to a proportion of the tax liability shown in the relevant preceding return; exemptions apply where ledger balances are adequate or liability is nil, and eligibility requires furnishing the return for a complete preceding tax period.
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