Deposit of VAT and sales tax: three banks notified as authorized treasuries subject to remittance, interest and reporting conditions. Notification designates three banks and their branches in Delhi as the appropriate Government Treasury for deposit of all sales tax and VAT dues under the Delhi VAT Act, 2004. Conditions require remittance of realized funds to the VAT Account at the Reserve Bank within three days (subject to later review), interest on delayed remittances at bank rate plus two percent, deployment of on line computerized counters and software to generate and transmit prescribed electronic MIS reports, and mandatory acceptance of tax payments of any denomination at any authorized branch.