E-payment mandate for VAT collection: banks designated as government treasuries enable electronic tax deposits under DVAT. Notification designates Oriental Bank of Commerce and Vijaya Bank as appropriate Government Treasuries for deposit of Value Added Tax dues under the DVAT Act, effective immediately, subject to conditions including timely remittance to the RBI DVAT Account, interest on delayed remittances at bank rate plus a margin, deployment of on-line computerized collection counters with department-specified software and MIS/electronic reporting, and compliance with the Information Technology Act. Payments through these banks must be made via the Department's electronic portal, with specified exemptions for certain government contractees.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
E-payment mandate for VAT collection: banks designated as government treasuries enable electronic tax deposits under DVAT.
Notification designates Oriental Bank of Commerce and Vijaya Bank as appropriate Government Treasuries for deposit of Value Added Tax dues under the DVAT Act, effective immediately, subject to conditions including timely remittance to the RBI DVAT Account, interest on delayed remittances at bank rate plus a margin, deployment of on-line computerized collection counters with department-specified software and MIS/electronic reporting, and compliance with the Information Technology Act. Payments through these banks must be made via the Department's electronic portal, with specified exemptions for certain government contractees.
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