RBI authorises RBL Bank to collect indirect taxes : Rashtra News
“RBL Bank has been authorized by the Reserve Bank of India (RBI), based on recommendation from the Controller General of Accounts, Ministry of Finance and Government of India, to collect indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC),” the bank said in a regulatory filing.
The bank had recently been authorised to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT).
“With this announcement, the bank can now collect direct and indirect taxes,” it said.
The private sector lender said after technical integration, its corporate and individual customers will be able to pay their indirect taxes through the bank’s mobile banking or net banking platforms as well as through the branch banking network.
( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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