DCB Bank offers payment facility for Good and Service (GST)

• The Bank has integrated with Government GST portal, it enables the taxpayer to make GST payment using online & branch over the counter options

• Complements the Tax payment stack offered by the Bank

Bangalore, March 22nd, 2024: DCB Bank, a new-generation private sector bank, today announced that it had successfully implemented and integrated with the Goods and Service (GST) payment portal. This complements the tax payments facility offered from DCB Bank that include Income tax, Advance tax, Direct tax and Tax Deduction at Source (TDS) payment . The Direct Tax payment facility was launched last year upon the Bank’s empanelment as an Agency Bank for conducting Government business.

Integration with GST portal enables both customers and non-customers use DCB Bank branch network to submit GST payment. Additionally DCB Bank customers enjoy the benefit of online GST payment via DCB Internet Banking facility. DCB Bank has explained that at the branch, GST payment can be made using cash (up to INR 10,000) or via cheque or demand draft (from any bank). This is applicable for both customers of DCB Bank and non-customers alike.

Customers can generate challans on the Goods and Services Tax portal with GSTIN details and make tax payments anytime, anywhere, with a few clicks. Any individual can swiftly complete tax payments, by accessing the portal – https://www.gst.gov.in/.

Next, proceed by signing in and entering your GSTIN ID. Subsequently, navigating to “Services” followed by “Payment” and opting for “Create Challan” option. Finally, provide the necessary challan details along with the amount and the mode of payment. It could be either be E-Payments or over the counter and select DCB Bank.

For e-payments, user needs to input its DCB Internet banking login credentials, verify the tax details and authorize the tax payment. For over-the-counter payments, users need to submit the printed challan at the nearest DCB Bank branch along with cash, cheque or Demand Draft from any bank.

After successfully completing the tax payment, users can download acknowledgments/receipts from the GSTN portal.

DCB Bank, Head Retail & Agri Banking, Mr. Praveen Kutty said, “DCB Bank provides taxpayers with a quick, secure and efficient tax filing and GST payment facility. This online facility is convenient and enables taxpayers to submit the payment from the comfort of their home or office, resulting in substantial time and cost saving. Our grateful thanks to the xyz, Government of India for their support in this endeavour.”