177. Procedure for payment of compounded tax and furnishing of statement by a registered dealer in the matter of such payment

(1) Every dealer, who is allowed under rule 176 to make payment in respect of a year, shall pay quarterly the compounded amount of tax in four equal instalments within thirty days from the expiry of the relevant quarter of the year as may be specified in Form 24C.

(2) The dealer, who pays tax according to sub-rule (1), shall furnish a statement in Form 25C quarterly within thirty days from the expiry of the quarter in respect of which payment is made, and, along with such statement, he shall attach one copy of the receipted challan as proof of such payment.