Central Bank authorized to accept DVAT payments by all the dealers and e-payments by dealers having monthly or quarterly tax periods

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..... DELHI-110 002 No. F.7(239)/P-I/05/VAT/2009/860-72 Dated : 25/10/2011 NOTIFICATION WHEREAS the Commissioner, Value Added Tax, Department of Trade and Taxes, Govt. of the National Capital Territory of Delhi, being of the opinion that it is expedient in the interest of general public to do so; Now, therefore, in exercise of the powers conferred under sub-rule (2) of Rule 31 o .....

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..... ent Street, New Delhi within three days or such shorter period as notified by the RBI from time to time. 2. That 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 challan in case of cash/transfer transaction .....

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..... For payment of VAT related dues electronically, as per power conferred under Sub Rule (5) of Rule 31 of DVAT Rules 2005 , it is also prescribed that all dealers having tax period as a month or a quarter shall make payment of their tax, interest, penalty or any other amount due under the DVAT Act, 2004 compulsorily through electronic mode of payment from the e -payment portal of the Bank w .....

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