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of <h1>Delhi VAT Payments Now Accepted at Kotak Mahindra Bank; Funds Must Reach RBI in 3 Days or Face Interest</h1> The Commissioner of Value Added Tax in Delhi has notified Kotak Mahindra Bank as an authorized government treasury for depositing Value Added Tax (VAT) dues related to dealers registered under the Delhi VAT Act, 2004. The bank must remit funds to the Reserve Bank of India within three days, with interest on delayed remittances. Tax payments will be accepted at all authorized branches, irrespective of account status, and must adhere to IT security provisions. An e-payment scheme is mandated for registered dealers and contractees, with payments facilitated through the Department of Trade and Taxes website, ensuring secure and timely transactions.
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