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    <title>Punjab National Bank has been authorized to collect VAT and Sales Tax</title>
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    <description>Punjab National Bank and listed branches are authorized as collection points for sales tax and VAT; funds must be remitted to the Delhi VAT account at the Reserve Bank within a short stipulated period from realization, delayed remittance attracts interest at bank rate plus a margin, and banks must operate on-line computerized counters with prescribed software, provide MIS reports, transmit electronic collection data in prescribed formats, and accept payments of any denomination at any authorized branch irrespective of account status.</description>
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      <description>Punjab National Bank and listed branches are authorized as collection points for sales tax and VAT; funds must be remitted to the Delhi VAT account at the Reserve Bank within a short stipulated period from realization, delayed remittance attracts interest at bank rate plus a margin, and banks must operate on-line computerized counters with prescribed software, provide MIS reports, transmit electronic collection data in prescribed formats, and accept payments of any denomination at any authorized branch irrespective of account status.</description>
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      <law>VAT - Delhi</law>
      <pubDate>Fri, 27 May 2005 00:00:00 +0530</pubDate>
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