(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY)
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI
DEPARTMENT OF TRADE & TAXES
VYAPAR BHAWAN : I.P.ESTATE: NEW DELHI -110 002
No. F. 7(239)/P- I/VAT/2009/424-437 Dated :11/07/2013
In exercise of the powers conferred under sub-rule (2) of Rule 31 of the Delhi Value Added Tax Rules, 2005, read with clause (b) of sub-rule 4 of rule 2 of the said Rules and Section 36 Delhi Value Added Tax Act, 2004, I, Prashant Goyal, Commissioner, Value Added Tax, do hereby notify Allahabad Bank located in the National Capital Territory of Delhi, as one of the Appropriate Government Treasury for the purpose of deposit of all Value Added Tax dues in relation to a dealer, who is registered under the Delhi Value Added Tax Act, 2004.
2. This notification is subject to the fulfilment of following conditions by the aforesaid bank in addition to the guidelines issued by the Reserve Bank of India on the subject:
(i) The funds shall be remitted to the Value Added Tax Account with Reserve Bank of India, Parliament Street, New Delhi within three days in case of physical payment and one day in case of e-payment or such shorter period as notified by the RBI from time to time.
(ii) 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 shall be calculated for the period starting from the date of the receipt, as per challan in case of cash/transfer transaction or date of realization of cheque in case of clearing instruments by the receiving branch to the date preceding the date of settlement by the bank Link Cell with Reserve Bank of India Office.
(iii) Further, in exercise of the powers conferred under sub-rule (5) of Rule 31 of the said Rules, it is also prescribed that all registered dealers and contractees(TAN holders) making payment of tax, interest, penalty or any other amount due under Delhi Value Added Tax Act, 2004, shall fill up the challan on department’s website (http://www.dvat.gov.in) both for physical/off line and e-payment/online. For physical payment/offline payment, the dealer will present the challan having unique Id, printed from the department’s website and make the payment in cash or through cheque. The detailed process of physical/off line as well as e-payment/online is available on department’s website.
(iv) The software developed by the Bank should generate all type of MIS reports required by the department and have to transmit data electronically/upload the data on website (http://www.dvat.gov.in) of the department on daily basis.
(v) The bank shall adhere to the security and other provisions of Information Technology Act, 2000.
3. This notification shall come into force with immediate effect.
Commissioner, Value Added Tax