Punjab National Bank has been authorized to collect VAT and Sales Tax

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..... VALUE ADDED TAX BIKRI KAR BHAWAN: I.P. ESTATE: NEW DELHI-02 No.F.27(95)/2001/P/1031 Dated: 27.05.2005 NOTIFICATION No.F.27(95)/2001/P/1031 : 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 the Punjab National Bank and its branches (as per list enclosed .....

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..... 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 from the date of the receipt as per c .....

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