Special Payment Procedure Introduced:
Central Government issues notification under GST Act.
Class of Registered Persons Affected:
Those opting for quarterly returns.
May follow special procedure in first or second month of quarter.
Payment Method Description:
Pay 35% of tax liability via electronic cash ledger deposit.
Quarterly return filers: Based on last quarter's tax payment.
Monthly return filers: Based on last month's tax payment.
Exemptions from Deposit Requirement:
No deposit needed if electronic ledger balance is sufficient.
Applies to both first and second month of quarter.
Eligibility Condition:
Registered person must have filed return for complete preceding tax period.
Definition Clarification:
"Complete tax period" defined as registration from first to last day.
Effective Date:
Notification in force from January 1, 2021.