e-Governance News

Online VAT payment to increase

Views: 1.3K

After extending the facility of online payment of Value Added Tax to all dealers through 17 banks authorised for the purpose, the Delhi Government is now in the process of adding more banks to this e-governance initiative during the current financial year.
In another major leap forward in the direction of e-governance in filing of taxes, the Delhi Government has also decided to completely do away with the physical issuance of the statutory forms need by the inter-State buyers, during the current year.
The filing of Value Added Tax returns is all set to get simpler for businesses in Delhi with the Government now seeking to implement e-governance with greater zeal in this field.
The Delhi Government has decided to streamline the tax administration by simplifying the procedures and increasing transparency through e-governance.
The e-Payment facility for online payment of Delhi VAT has made it convenient for the dealers and taxpayers maintaining accounts with the various banks to pay their VAT in Delhi from their computers.
Under this scheme, the dealers or taxpayers get their login identity registered with the banks. Then based on the registration details submitted by them, they are provided with a taxpayer identification number (TIN) as provided by them during the registration. This is then verified in the back-end as per the validation stipulated by Department of Trade and Taxes of Delhi Government.
The procedure is simplified as the dealers and taxpayers through this application select the relevant challan applicable for their payment and enter all the required details such as amount with break-up, period and payment type. On execution of the payment, they are also able to download or print the receipt in the form of a challan and it also carries a Challan Identification Number (CIN) for their reference and record.
Apart from this, the Delhi Government announced in the recent budget for 2012-13 that there will be greater stress on focused enforcement, attention to arrears, drives against bogus registrations and fraudulent refund claims, expeditious disposal of appeals, and increase in the number and percentage of D-VAT audits. It has also announced that measures for checking and preventing leakages and evasion of tax revenue shall be introduced.


Follow and connect with us on Facebook, Twitter, LinkedIn, Elets video

Eletsonline News
Eletsonline News

Latest News

To Top