Indian Overseas Bank and Union Bank of India are authorized for the facility of e-payment - F. 7(400)/Policy/VAT/2011/355-368 - Delhi Value Added Tax

F. 7(400)/Policy/VAT/2011/355-368

21/07/2011

NOTIFICATION

In exercise of the powers conferred under sub-rule (5) of rule 31 of the Delhi Value Added Tax Rules, 2005, I, Rajendra Kumar, Commissioner, Value Added Tax, do hereby include two more banks in the already provided scheme for payment of tax, interest, penalty or any other dues under the DVAT Act, 2004, through electronic payment.

In addition to the already notified banks vide Notifications No. F. 7(7)/Policy-III/VAT/2005-06/929 dated March 17, 2008; No. F. 7(7)/Policy-III/VAT/2005-06/341 dated September 8, 2008; No. F. 7(7)/Policy-III/VAT/2005-06/130 dated June 15, 2009; No. F. 7(7)/Policy-III/VAT/2005-06/864 dated March 2, 2010; No. F. 7(7)/Policy-III/VAT/2005-06/1878-89 dated January 6, 2011 and No. F. 7(400)/Policy/VAT//2011/280-292, dated the 6th July, 2011, the following banks are authorised to extend “e-payment”: facilities to the dealers:

1. Indian Overseas Bank.

2. Union Bank of India.

Dealers having bank accounts with these banks and having monthly tax period shall avail of the “e”-payment facility compulsorily, for making payment of tax, interest, penalty or any other amount due under the Delhi Value Added Tax Act, 2004. Part “C” of the challan having unique Challan Identification Number (19 digit CIN) printed at the time of making payment on internet (concerned bank’s website) will be accepted as proof of payment for enclosing with the return for the purpose of sub-rule (3) of rule 28 of the Delhi Value Added Tax Rules, 2005.

The dealers will obtain signed and stamped copy of Part “D” of the challan from the concerned bank for their record. The amount so deposited will however be credited after confirmation from Reserve Bank of India as in operation now. Salient features of the scheme of e-payment are enclosed at annexure I.

These two banks shall adhere to the security and other provisions of Information Technology Act, 2000.