DCB Bank offers payment facility for Good and Service Tax (GST)

DCB Bank, a new-generation private sector bank, announced that it had successfully implemented and integrated with the Goods and Service Tax payment portal (GSTN). This complements the Direct Tax payments facility offered from DCB Bank that include Income tax, Advance Tax, and Tax Deduction at Source (TDS) payment, etc. The Direct Tax payment facility was launched last year upon the Bank’s empanelment as an Agency Bank for conducting
Government business.

Goods and Services Tax Network (GSTN) portal provides simplified and automated
procedures for various processes such as registration, returns, refunds, GST
payments, etc.

All types 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 portal
provides a unified platform for taxpayers to fulfil their GST related obligations.
Refund and Input Tax credit process at GST portal is also a seamless experience.
Taxpayers can view the various stages of processing of their refund application on the
GST Portal.

GST prevents cascading of taxes by providing a comprehensive Input Tax Credit
mechanism across the entire supply chain. Such a seamless availability of Input Tax
Credit across goods or services at every stage of supply enables streamlining of
taxpayer’s business operations.

DCB Bank’s integration with GST portal enables both customers and non-customers
use DCB Bank branch network to submit GST payment. Additionally DCB Bank
customers enjoy the benefit of online GST payment via DCB Internet Banking facility,
the Bank provides a convenient way for individuals and businesses to manage their
GST payments.

The taxpayer or a representative of the taxpayer such as registered GST practitioner
(CA, CS, CMA, etc.) can generate challans 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.

DCB Bank, Head Retail & Agri Banking, Mr. Praveen Kutty said, “DCB Bank
provides taxpayers with a quick, secure and efficient tax filing and GST payment
facility. This online facility is convenient and enables taxpayers to submit the payment
from the comfort of their home or office, resulting in substantial time and cost saving.
Our grateful thanks to the Central Board of Indirect Tax & Customs, Government of
India for their support in this endeavour.”