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Banks integrating systems with RBI, GST Network to collect tax: Arun Jaitley

Under the GST regime, individuals and entities can pay taxes online using debit or credit cards or any electronic mode of payment

Press Trust of India  |  New Delhi 

Banks are integrating their information technology system with RBI and GST Network as they prepare to handle tax deposits under the new indirect tax regime, Finance Minister Arun Jaitley said on Tuesday. Detailed protocols for integration of the banks' IT system with RBI and GST portal of Goods and Services Tax Network have been prepared and finalised by RBI and the Goods and Services Tax Network (GSTN), respectively, in consultation with the Government of India, he said. "The public and private sector banks are readying themselves to handle collection of taxes under the GST ...

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Banks integrating systems with RBI, GST Network to collect tax: Arun Jaitley

Under the GST regime, individuals and entities can pay taxes online using debit or credit cards or any electronic mode of payment

Under the GST regime, individuals and entities can pay taxes online using debit or credit cards or any electronic mode of payment Banks are integrating their information technology system with RBI and GST Network as they prepare to handle tax deposits under the new indirect tax regime, Finance Minister Arun Jaitley said on Tuesday. Detailed protocols for integration of the banks' IT system with RBI and GST portal of Goods and Services Tax Network have been prepared and finalised by RBI and the Goods and Services Tax Network (GSTN), respectively, in consultation with the Government of India, he said. "The public and private sector banks are readying themselves to handle collection of taxes under the GST ... image
Business Standard
177 22

Banks integrating systems with RBI, GST Network to collect tax: Arun Jaitley

Under the GST regime, individuals and entities can pay taxes online using debit or credit cards or any electronic mode of payment

Banks are integrating their information technology system with RBI and GST Network as they prepare to handle tax deposits under the new indirect tax regime, Finance Minister Arun Jaitley said on Tuesday. Detailed protocols for integration of the banks' IT system with RBI and GST portal of Goods and Services Tax Network have been prepared and finalised by RBI and the Goods and Services Tax Network (GSTN), respectively, in consultation with the Government of India, he said. "The public and private sector banks are readying themselves to handle collection of taxes under the GST ...

image
Business Standard
177 22