RBI: The Reserve Bank of India (RBI) has authorized private sector Karnataka Bank to collect direct and indirect taxes on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). This information has been given by Karnataka Bank itself. Along with this, its information has also been conveyed to the stock market.
RBI Update: Important steps have been taken from time to time by the Reserve Bank of India (RBI). Now another step has been taken by RBI. Under this step, a bank has been selected to collect direct and indirect tax. In such a situation, this news can prove to be important for the people associated with the bank.
RBI
In fact, the Reserve Bank of India (RBI) has authorized the private sector Karnataka Bank to collect direct and indirect taxes on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). This information has been given by Karnataka Bank itself. Along with this, its information has also been conveyed to the stock market.
Karnataka Bank
Karnataka Bank said in a communication sent to the stock exchanges that this step has been taken on the recommendation of the Controller General of Accounts (CGA) under the Ministry of Finance. It added that the bank’s customers are already paying their customs duty online by selecting Karnataka Bank on CBIC’s Indian Customs Electronic Gateway ‘ICEGATE’ portal.
Icegate Portal
Along with this, more information has been provided by the bank. The information states that CBIC’s ICEGATE portal provides electronic e-filing services to trade, cargo companies and other business partners.
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