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Achi news desk-
DCB Bank, a new generation private sector bank, announced that it has successfully implemented and integrated with the Goods and Service Tax (GSTN) payment gateway. This complements the Direct Tax payments facility offered by DCB Bank which includes Income Tax, Advance Tax, and Tax Deduction payment at Source, etc. The Direct Tax payment facility was launched last year on the empanelment of the Bank as an Agency Bank for hosting
Government Business.
The Goods and Services Tax Network (GSTN) portal provides simplified and automated
procedures for various processes such as registration, forms, refunds, GST
payments, etc.
All forms of GST including Central Goods and Services Tax (CGST), State Goods and
Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Union Territory
Goods and Services Tax (UGST) can be paid through the GSTN portal. The gate
provides a unified platform for taxpayers to fulfill their GST related obligations.
The refund and input tax credit process in the GST portal is also a seamless experience.
Taxpayers can see the various stages of processing their refund application on the
GST Gateway.
GST prevents cascading of taxes by providing comprehensive Input Tax Credit
mechanism across the entire supply chain. Such uninterrupted availability of Input Tax
Credit across goods or services at every stage of supply enables simplification
the taxpayer’s business operations.
DCB Bank’s integration with the GST portal enables both customers and non-customers
use DCB Bank branch network to submit GST payment. As well as DCB Bank
customers enjoy the benefit of online GST payment through DCB Internet Banking facility,
the Bank provides a convenient way for individuals and businesses to manage their
GST payments.
The taxpayer or the taxpayer’s representative as a registered GST practitioner
(CA, CS, CMA, etc.) can generate challenges on the Goods and Services Tax portal
https://www.gst.gov.in with GSTIN details and make tax payments anytime, anywhere,
with a few clicks.
Mr. Praveen Kutty, DCB Bank, Head of Retail and Agri Banking said, “DCB Bank
provides fast, secure and efficient tax filing and GST payment to taxpayers
facility. This online facility is convenient and enables taxpayers to submit the payment
from the comfort of their home or office, resulting in significant time and cost savings.
Many thanks to the Central Board of Indirect Tax and Duties, Welsh Government
India for their support in this endeavour. “
