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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Delhi Authorizes 22 Banks for VAT Payments; Compliance with IT Act, 2000 Required for Online and Offline Transactions</h1> The Government of the National Capital Territory of Delhi has authorized 22 banks to act as government treasuries for the payment of Value Added Tax (VAT) dues by registered dealers and contractees within Delhi. These banks are required to remit funds to the Reserve Bank of India within specified timeframes and adhere to conditions such as interest on delayed remittances and compliance with the Information Technology Act, 2000. Payments can be made online or offline, with specific instructions provided for each method. The notification takes effect from August 1, 2013, and mandates strict adherence to the outlined processes.
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