Certain banks have been authorized to collect VAT through this Notification

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... DED TAX BIKRI KAR BHAWAN: I.P. ESTATE: NEW DELHI-02 No.F.27(95)/2001/P/998 Dated: 13.05.2005 NOTIFICATION No.F.27(95)/2001/P/998 : In exercise of the powers conferred vide Sub Rule (2) of Rule 31 of the Delhi Value Added Tax Rules, 2005 , I R.K. Verma, Commissioner of Value Added Tax, do hereby notify banks mentioned herein below and its branches within the Union Territory o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... mittance schedule would be reviewed again after 30.06.2005 in terms of the capability of the banks to reduce this period below three days and ensure remittances on a day-to-day basis. 2. That the interest shall be levied on delayed remittance calculated at the latest 'bank rate plus 2%', as notified by Reserve Bank of India from time to time. Interest will be calculated for the period starting f .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... respective of the dealer having account with the bank or not. This notification shall come into force with immediate effect. (R.K. VERMA) COMMISSIONER VAT : DELHI Notes : 1. Certain banks have been authorized to collect VAT through this Notification. - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTM .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X