Allahabad Bank authorized for e-payment - F. 7 (239)/P-I/VAT/2009/424-437

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Law:

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Income Tax
Central GST Laws
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Fourth Schedule
Miscellaneous
Section 002(14)
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<h1>Allahabad Bank Authorized for E-Payment of Delhi VAT Dues; Must Comply with RBI and IT Act Regulations</h1> The Government of the National Capital Territory of Delhi has authorized Allahabad Bank for e-payment of Delhi Value Added Tax (DVAT) dues. As per the notification, the bank must remit funds to the Reserve Bank of India within specified timeframes and will incur interest on delayed remittances. Registered dealers and contractees must fill out challans on the DVAT website for tax payments. The bank is required to generate and electronically transmit MIS reports to the department daily and comply with the Information Technology Act, 2000. This notification is effective immediately.

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