RBI authorizes Karur Vysya Bank to collect Indirect Taxes

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Biznextindia : Karur Vysya Bank (KVB) on Saturday said, it has been authorised by the Reserve Bank of India(RBI) for collection of Indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC). With this, KVB customers will soon be able to pay their Indirect taxes (GST, Customs Duty and other Indirect Taxes) through Bank’s multiple channels.

“Once the integration process is completed with CBIC, our customers should be able to pay their indirect taxes through our Bank. We are happy that we will be in a position to offer this service to our customers” B Ramesh Babu, Managing Director & CEO of the Bank said.

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