Certain banks have been authorized to collect VAT through this Notification

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....AWAN: I.P. ESTATE: NEW DELHI-02 No.F.27(95)/2001/P/998 Dated: 13.05.2005 NOTIFICATION No.F.27(95)/2001/P/998 : In exercise of the powers conferred vide Sub Rule (2) of Rule 31 of the Delhi Value Added Tax Rules, 2005, I R.K. Verma, Commissioner of Value Added Tax, do hereby notify banks mentioned herein below and its branches within the Union Territory of Delhi, in addition to the banks alread....

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.... 30.06.2005 in terms of the capability of the banks to reduce this period below three days and ensure remittances on a day-to-day basis. 2. That the interest shall be levied on delayed remittance calculated at the latest 'bank rate plus 2%', as notified by Reserve Bank of India from time to time. Interest will be calculated for the period starting from the date of receipt as per challan in case o....