In exercise of the powers conferred by section 148 read with section 39(7) of the CGST Act, 2017,

the Central Government hereby notifies

the registered persons, notified under proviso to section 39(1), who have opted to furnish a return for every quarter or part thereof, as the class of persons

who may, in first month or second month or both months of the quarter, follow the special procedure such that the said persons may pay the tax due under proviso to section 39(7), by way of making a deposit of an amount in the electronic cash ledger equivalent to, -

(i) 35% of the tax liability paid by debiting the electronic cash ledger in the return for the preceding quarter where the return is furnished quarterly; or

(ii) tax liability paid by debiting the electronic cash ledger in the return for the last month of the immediately preceding quarter where the return is furnished monthly

Provided that no such amount may be required to be deposited-

(a) for the 1^st month of the quarter, where the balance in the electronic cash ledger or electronic credit ledger is adequate for the tax liability for the said month or where there is nil tax liability ;

(b) for the second month of the quarter, where the balance in the electronic cash ledger or electronic credit ledger is adequate for the cumulative tax liability for the first and the second month of the quarter or where there is nil tax liability:

2. This notification shall come into force with effect from the 1st day of January, 2021.