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All the Scheduled Banks, whether registered or not under the Act, having their branches in Delhi and engaged in the business of Silver, Gold, repossessed vehicles, shall furnish the return on quarterly basis, in the enclosed Form Bank-1 prescribed for the purpose. Such return shall be furnished within twenty eight days of the end of the each quarter commencing from the quarter ending 30th June, 2013. Further, data for 2012-13 transactions shall be submitted in consolidated manner as per the Form Bank-1 by 15th June, 2013. - F. 3(341)/VAT/Policy/2013/242-252 - Delhi Value Added Tax
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Return filing requirement for banks engaged in precious metals and repossessed vehicles mandates quarterly submission in prescribed Form Bank-1. Scheduled Banks with branches in Delhi dealing in silver, gold or repossessed vehicles must file quarterly returns in the prescribed Form Bank-1 within twenty eight days of quarter end, beginning with the quarter ending 30th June, 2013; consolidated 2012-13 transaction data must be submitted in Form Bank-1 by 15th June, 2013. The notification is issued under section 27 of the Delhi Value Added Tax Act, 2004 and is effective immediately. Form Bank-1 requires transaction details, tax collected, computation of tax/interest/penalty, payment particulars and a verification declaration.
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Return filing requirement for banks engaged in precious metals and repossessed vehicles mandates quarterly submission in prescribed Form Bank-1.
Scheduled Banks with branches in Delhi dealing in silver, gold or repossessed vehicles must file quarterly returns in the prescribed Form Bank-1 within twenty eight days of quarter end, beginning with the quarter ending 30th June, 2013; consolidated 2012-13 transaction data must be submitted in Form Bank-1 by 15th June, 2013. The notification is issued under section 27 of the Delhi Value Added Tax Act, 2004 and is effective immediately. Form Bank-1 requires transaction details, tax collected, computation of tax/interest/penalty, payment particulars and a verification declaration.
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