The New Indian Express 26.04.2013
The New Indian Express 26.04.2013
E-payment has been made mandatory for traders and industries paying a
tax of Rs 1 lakh and above by the department of Commercial Tax from
May 1.
In a statemAent, L Kumar, Commissioner of Commercial Tax,
said that this has been done to reduce the number of days taken for
realisation of cheques and demand drafts. Special arrangements have been
made with five banks, namely, Indian Overseas Bank, Bank of Baroda,
Indian Bank, IDBI and SBI, for opening zero balance account.