Tax collection authorization: bank branch may accept VAT and sales tax payments subject to remittance, interest, software and acceptance obligations. Notification designates the Punjab & Sind Bank branch at Bikrikar Bhawan, New Delhi as an authorized collector for Sales Tax, Value Added Tax and Central Sales Tax for unregistered dealers, subject to conditions: remit collections to the RBI Value Added Tax Account within three days (with possible reduction), levy interest on delayed remittances at bank rate plus two percent, use on line computerized counters and departmental specified software to generate MIS and transmit collection data electronically, and accept all payments irrespective of the payer's bank account status or TIN.