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Payment Rule 50. (1) (a) The tax or any other amount under the Act or these rules shall be paid by the dealer or any other person, in cash, by postal order, money order, crossed cheque or crossed demand draft, in favour of the Registering Authority or the jurisdictional Local VAT officer or VAT sub-officer or any other authorized officer, or by remittance into the Government Treasury or the State Bank of India or its associate Bank or any other Bank approved by the Reserve Bank of India and specified by the Government, on a tax challan in Form VAT 152. (b) Where any payment is made by cheque, such cheque shall be as prescribed under the Karnataka Financial Code. (2) The tax or any other amount under the Act or these rules may also be paid by the dealer or any other person, by electronic remittance to the Assessing Authority or the State Bank of India or its associate Bank or any other Bank approved by the Reserve Bank of India and specified by the Government.
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