Punjab National Bank has been authorized to collect VAT and Sales Tax

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..... KRI KAR BHAWAN: I.P. ESTATE: NEW DELHI-02 No.F.27(95)/2001/P/1031 Dated: 27.05.2005 NOTIFICATION No.F.27(95)/2001/P/1031 : 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 the Punjab National Bank and its branches (as per list enclosed) within the Union Territory of Delhi, .....

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..... bility 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 the receipt as per challan in case of cash/transfer transaction .....

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