(1) Notwithstanding anything contained in sub rules (2) and (3) of rule 39, tax or any other sum payable under the Act may also be paid electronically.

(2) Where the payment of tax, demand or other sum has been made electronically the authorized bank shall generate e-challan in Form VAT-15A through a computer network. The authorized bank shall also forward a statement such echallans (called as e-payment scroll) daily in Form of VAT-15B to the authorities as may be notified by the Commissioner. The date of payment for the purpose of these rules shall be the date of deposit generated on the e-challan in Form VAT-15A. The date of payment for all accounting purposes shall be the date of generation of e-payment challan and the daily statement from bank shall mention this date.