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DCB Financial institution, a new-generation non-public sector financial institution, introduced that it had efficiently carried out and built-in with the Items and Service Tax fee portal (GSTN). This enhances the Direct Tax funds facility supplied from DCB Financial institution that embody Earnings tax, Advance Tax, and Tax Deduction at Supply (TDS) fee, and so forth. The Direct Tax fee facility was launched final yr upon the Financial institution’s empanelment as an Company Financial institution for conducting Authorities enterprise.
Items and Companies Tax Community (GSTN) portal offers simplified and automatic procedures for varied processes akin to registration, returns, refunds, GST funds, and so forth.
Simplified GST Funds
All varieties of GST together with Central Items and Companies Tax (CGST), State Items and Companies Tax (SGST), Built-in Items and Companies Tax (IGST) and Union Territory Items and Companies Tax (UGST), may be paid by way of the GSTN portal. The portal offers a unified platform for taxpayers to fulfil their GST associated obligations.
Refund and Enter Tax credit score course of at GST portal can also be a seamless expertise. Taxpayers can view the assorted phases of processing of their refund software on the GST Portal.
GST prevents cascading of taxes by offering a complete Enter Tax Credit score mechanism throughout your entire provide chain. Such a seamless availability of Enter Tax Credit score throughout items or companies at each stage of provide allows streamlining of taxpayer’s enterprise operations.
DCB Financial institution’s integration with GST portal allows each prospects and non-customers use DCB Financial institution department community to submit GST fee. Moreover DCB Financial institution prospects get pleasure from the good thing about on-line GST fee through DCB Web Banking facility, the Financial institution offers a handy approach for people and companies to handle their GST funds.
The taxpayer or a consultant of the taxpayer akin to registered GST practitioner (CA, CS, CMA, and so forth.) can generate challans on the Items and Companies Tax portal with GSTIN particulars and make tax funds anytime, wherever, with a number of clicks.
DCB Financial institution, Head Retail & Agri Banking, Mr. Praveen Kutty mentioned, “DCB Financial institution offers taxpayers with a fast, safe and environment friendly tax submitting and GST fee facility. This on-line facility is handy and allows taxpayers to submit the fee from the consolation of their dwelling or workplace, leading to substantial time and value saving. Our grateful due to the Central Board of Oblique Tax & Customs, Authorities of India for his or her help on this endeavour.”
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