Notification to three banks for the purpose of deposit of all sales tax and Value Added Tax in relation to a dealer under DVAT Act 2004

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..... HI-110 002 No.F.27(95)/2001/P/2144 Dated : 25/05/2006 NOTIFICATION 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 of Delhi, in addition to the banks already notified, as the app .....

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..... 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 lates 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 challan in case of cash/ .....

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