Meet on e-payment of VAT

Meet on e-payment of VAT



The Commercial Taxes Deputy Commissioner, Mattancherry, in association with the Indian Chamber of Commerce & Industry, had convened a meeting on e-payment of VAT for the benefit of the business community. Senior officials of the designated banks, State Bank of India and State Bank of Travancore participated. The department officials spoke about the advantages of the new system to be introduced from September 1, and the bank officials explained the procedures for opening zero balance account. The representatives of the business community made a plea that implementation of e-payment be extended at least by one month. They said the guidelines were put up on the department's Web site only at the end of this month and it will take time to meet the stipulated requirements. – www.thehindubusinessline.com

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