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TRADE CIRCULAR Office of the Commissioner of Sales Tax 8th floor,Vikrirkar Bhavan, Mazgaon, Mumbai-400010. To, —————————— —————————— NO.ACST(VAT)2/NEFT/15-16/B- 557 Mumbai, DT 30/09/2015 Trade circular. No 14T of 2015 Sub: – Refund through National Electronic Funds Transfer (NEFT) Ref: -1. Notification No. VAT.1510/C.R-6/Taxation-1 Dt. 5th Feb 2010. … Read more
Q.1. What is NEFT? Ans: National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme. … Read more