rate of Interest

[Asked by Guest]

1.Whether VAT and CST is mandatory to pay online for quarterly dealers ? If it has to be paid by the cheque therough Bank then in whose favor the DD will be issued ?

Allhabad Bank is on the Portal of the DVAT and CST ??

 2. What is latest rate of interest in DVAT and CST ??

AI Summary

Interest rate for DVAT clarified; interest payable specified while online payment procedure for dealers remains unresolved.
The document records a dealer's query about mandatory online payment for VAT/CST and payee details for cheque/DD, and the sole operative reply states that the interest rate payable to DVAT is 15% per annum, with no clarification on payment procedure or portal bank acceptance.