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DELHI VAT NOTIFICATION
No.F.27(95)/P-I/05/CST/PF/2006-07/2952 Dated : 06.10.2006
NOTIFICATION
No.F.27(95)/P-I/05/CST/PF/2006-07/2952 : In exercise of the powers conferred vide sub-rule (2) of Rule 31 of the Delhi Value Added Tax Rules, 2005 read with sub-rule 4(b) of Rule 2 of the said Rules and section 36 of the Delhi Value Added Tax Act, 2004, I Archna Arora, Commissioner of Value Added Tax do hereby notify Bank of India and its branches as mentioned in the Annexure, in addition to the banks already notified, as the appropriate Government Treasury for the purpose of deposit of all Sales Tax and Value Added Tax dues in relation to a dealer who is or is liable to be registered under the Delhi Value Added Tax Act, 2004:
This notification is subject to the fulfillment of following conditions by the aforesaid bank in addition to the guidelines issued by the Reserve Bank of
1. That the funds shall be remitted to the Value Added Tax Account with Reserve Bank of
within three days (including holidays) from the date of realization of cheques, etc. and the collection report would also be given at the end of the same day. However, the remittance schedule would be reviewed again after 31.12.2006 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
3. That the tax shall be collected through on-line computerized counters for which software shall be developed/modified as per specifications issued by the Department from time to time. The software should generate all types of MIS reports required by the Department. The collection data shall also be sent to the Department in an electronic form in the mode, frequency and structures as prescribed by the Department.
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4. That it shall be mandatory on banks to accept all tax payments of any denomination in any of its authorized branches irrespective of the dealer having account with the bank or not.
This notification shall come into force with immediate effect.
Sd/-
(ARCHNA ARORA)
Commissioner, Value Added Tax No.F.27(95)/P-I/05/CST/PF/2006-07/2953-63 Dated : 06.10.2006
Copy forwarded for information and necessary action to:-
1. The Principal Secretary (GAD), Government of National Capital Territory of Delhi with one spare copy for its publication in Delhi Gazettee Part-IV.
2. The Secretary, Governemnt of India, Ministry of Finance, Department of Revenue, Jeevan Deep Building, New Delhi.
3. The Secretary, Government of
4. The Secretary to Finance Minister, Government of National Capital Territory of Delhi, Delhi Sachivalaya, I.P. Estate, New Delhi.
5. The Manager, EDP Cell to work out the modalities of Net Banking Facilities to dealers at the earliest.
6. The Deputy Secretary Finance (T&E), Government of National Capital Territory of Delhi, Delhi Sachivalaya, I.P. Estate, New Delhi.
7. The Registrar, Value Added Tax Appellate Tribunal, Vayapar Bhawan, I.P. Estate,
8. The Deputy Secretary (L&J), Government of
9. The Deputy General Manager, Reserve Bank of India, 4th Floor, Byculla Office Building, Opposite Mumbai Central Station, Byculla, Mumbai-400 008.
10. The President, Delhi Sales Tax Bar Association.
11. The Bank of
12. Guard File.
Sd/-
(Pradeep Baijal)
Value Added Tax Officer (Policy)
ANNEXURE
Name of branches of Bank of India notified as the appropriate Government Treasury for deposit of Sales Tax and Value Added Tax
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