Dhanlaxmi Bank signs MOU with CBDT and CBIC for collection of Direct Taxes and Indirect Taxes

Biznextindia : Dhanlaxmi Bank signed MOU with CBDT and CBIC for collection of Direct Taxes and Indirect Taxes. Bank has been authorised by the Reserve Bank of India (RBI) based on the recommendation from the Controller General of Accounts for collection of various Taxes.

The MOU was signed at New Delhi by Shivan J K, Managing Director & CEO of the Bank and Ms. Bharati Das, The Principal Chief Controller of Accounts- for CBDT and Shri Dhruva Kumar Singh, Chief Controller of Accounts – for CBIC. With this, Dhanlaxmi Bank customers will soon be able to pay their Direct taxes and GST payments & other Indirect taxes through the branch network and digital platforms of the Bank.

Shivan J K informed that the technical integration required to implement the seamless flow of remittances from the Bank’s portal to that of CBDT and CBIC will be completed at the earliest in order to provide early access to its customers towards the facilities. Earlier, on October 4, 2021, Dhanlaxmi Bank had been empanelled as ‘Agency Bank’ by the Reserve Bank of India to undertake general banking businesses of Central and State Government on behalf of the RBI.