Special GST deposit procedure permits a specified provisional cash ledger deposit for notified quarterly filers subject to eligibility conditions. Notification enables notified registered persons who opt for quarterly returns to make provisional deposits in the electronic cash ledger in the first and/or second month of a quarter equal to a specified proportion of the tax liability shown in the preceding quarter's return (or the last month of the immediately preceding quarter for monthly filers), subject to exclusions where ledger balances suffice or liability is nil, and subject to prior filing of the return for a complete tax period. Effective date: 1 January 2021.
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 GST deposit procedure permits a specified provisional cash ledger deposit for notified quarterly filers subject to eligibility conditions.
Notification enables notified registered persons who opt for quarterly returns to make provisional deposits in the electronic cash ledger in the first and/or second month of a quarter equal to a specified proportion of the tax liability shown in the preceding quarter's return (or the last month of the immediately preceding quarter for monthly filers), subject to exclusions where ledger balances suffice or liability is nil, and subject to prior filing of the return for a complete tax period. Effective date: 1 January 2021.
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