116. Commencement of eligible period in respect of which payment of tax may be deferred

The eligible period referred to in sub-section (2) of section 40 and specified in column (3) of the Table appended to sub-rule (2) of rule 115 for a dealer shall commence on and from such date on which the return referred to in clause (a) of sub-rule (1) of that rule falls due for the first time.