Private sector lender Karnataka Bank has been authorised to collect direct and indirect taxes on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC), the bank said in a regulatory filing on Wednesday (12th April 2023).
* This authorisation is provided by the Reserve Bank of India.
* The RBI gave this authorisation on the recommendation from the Controller General of Accounts (CGA), Ministry of Finance, the filing said.
* The statement further said that customers are already enjoying seamless online payments for custom duty by selecting Karnataka Bank in the Indian Customs Electronic Gateway 'ICEGATE' portal of CBIC.
* According to the filing, the (ICEGA TE) portal of CBIC provides e-filing services to the trade, cargo carriers and other trading partners electronically..
Source : Economic Times