(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY)
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI
OFFICE OF THE COMMISSIONER, VALUE ADDED TAX
VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002
No.F.7(239)/P-I/VAT/ 2009/1130-1143 Dated : 23.1.2013
NOTIFICATION
In exercise of the powers conferred under sub-rule (2) of Rule 31 of the Delhi Value Added Tax Rules, 2005, read with clause (b) of sub-rule 4 of rule 2 of the said Rules and Section 36 of the Delhi Value Added Tax Act, 2004, I, Prashant Goyal, Commissioner, Value Added Tax, do hereby also notify Oriental Bank of Commerce and Vijaya Bank located in the National Capital Territory of Delhi, as the appropriate Government Treasury for the purpose of deposit of all Value Added Tax dues in relation to a dealer, who is registered under the Delhi Value Added Tax Act, 2004.
This notification is subject to the fulfillment of following conditions by the aforesaid banks in addition to the guidelines issued by the Reserve Bank of India on this subject:
1. That the funds shall be remitted to the Value Added Tax Account with Reserve Bank of India, Parliament Street, New Delhi within three days in case of physical payment and one day in case of e-payment or such shorter period as notified by the RBI from time to time.
2. That 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 the receipt, as per challan in case of cash/transfer transaction or date of realization of cheque in case of clearing instruments by the receiving branch to the date preceding the date of settlement by the bank Link Cell with Reserve Bank of India Office.
3. That the tax shall be collected through on-line computerized counters for which software shall be developed/modified as per specifications issued by the Department from time to time. The software should generate all types of MIS reports required by the Department. The collection data shall also be sent to the Department in an electronic form in the mode, frequency and structures as prescribed by the Department.
4. That the bank shall adhere to the security and other provisions of Information Technology Act, 2000.
Further, in exercise of the powers conferred under Sub Rule (5) of Rule 31 of the DVAT Rules, 2005, it is also prescribed that all registered dealers and those who are liable to be registered and contractees (TAN holders) making payment of their tax, interest, penalty or any other amount due under the DVAT Act, 2004, through this Bank, shall make the payment compulsorily through electronic mode of payment through the website of Department of Trade and Taxes (www.dvat.gov.in).However, the Contractees (TAN holders), who are the Ministries/Departments/Public
Undertakings/Autonomous Bodies/Local Bodies/Corporations of the Central Government, Union Territories or State Governments, stand exempted from the compulsion of making payment of their tax, interest, penalty or any other amount due under Delhi Value Added Tax Act, 2004, through electronic mode of payment, as notified vide notification no. F.7(400)/Policy/VAT/2011/1127-40 dated 16.01.2013(copy enclosed). Salient features of e-payment scheme are enclosed at Annexure.
This notification shall come into force with immediate effect.
(PRASHANT GOYAL)
COMMISSIONER, VALUE ADDED TAX
Encl: As above
No.F.7(239)/P-I/VAT/ 2009/ Dated :
Copy forwarded for information and necessary action to:-
1. The Pr. Secretary (Finance), Finance Department, Govt. of NCT of Delhi, Delhi Sachivalaya, New Delhi-02.
2. Principal Secretary to the Chief Minister/Finance Minister, Govt. of NCT of Delhi, Delhi Sachivalaya, New Delhi-02.
3. The Secretary (GAD), Govt. of NCT of Delhi, Delhi Sachivalaya, New Delhi with one spare copy for publication in Delhi Gazette Part-IV (extraordinary) in today™s date.
4. The Director (ST), Government of India, Ministry of Finance, Department of Revenue, Jeevan Deep Building, New Delhi.
5. The General Manager, Reserve Bank of India, Public Accounts Division, Parliament Street, New Delhi.
6. The General Manager (IT), Oriental Bank of Commerce, Plot No.5, Institutional Area, Sector-32, Gurgaon-122001.
7. The Dy. General Manager, Vijaya Bank, Merchant Banking Division, Head Office, 41/2, M.G. Road, Trinity Circle, Bangalore-560001.
8. All Special / Addl./ Joint Commissioners, Department of Trade and Taxes,Vyapar Bhawan, I.P. Estate, New Delhi.
9. Additional Commissioner (Collection), Department of Trade and Taxes, Vyapar Bhawan, I.P. Estate, New Delhi.
10. Additional Commissioner (Systems) Department of Trade and Taxes, Vyapar Bhawan,I.P. Estate, New Delhi with the request to upload the same on Department™s web-site.
11. The Registrar, Value Added Tax Appellate Tribunal, Vyapar Bhawan, I.P. Estate, New Delhi.
12. The President/General Secretary, Delhi Sales Tax Bar Association, Vyapar Bhawan, New Delhi.
13. P.S. to the Commissioner, VAT, Department of Trade and Taxes, Vyapar Bhawan, I.P. Estate, New Delhi.
14. Guard File.
(T. C. SHARMA)
VATO (POLICY)
