Yes Bank on Friday announced the launch of its Goods and Services Tax (GST) payment facility, strengthening its digital banking offers.
The facility enables corporates and sole proprietor businesses to meet their tax obligations securely in lesser time using the bank’s Retail and Corporate Internet Banking platforms, as well as any of its extensive branch network.
Taxpayers, through this integration, can now generate GST challans on the official GST portal (www.gst.gov.in) and pay GST by either selecting Yes Bank NetBanking for instant online payments, ensuring real-time confirmations and downloadable e-challans or select ‘Over the Counter’ payment option for tax payments across the Bank’s extensive branch network.
The service is authorised by the Government of India, said the bank in an exchange filing.
Prashant Kumar, Managing Director & CEO, Yes Bank, said, “At Yes Bank, customer delight is at the core of everything we do. With a digital-first approach driven by innovation, responsibility, and accountability, we strive to deliver seamless and efficient financial solutions. This mandate from Government of India & Reserve Bank of India enabling a direct integration with the GST portal is a testament to this vision of providing businesses with a fast, secure, transparent and hassle-free tax payment experience. By simplifying statutory payments, we aim to empower enterprises – small and large alike – to focus on growth, while we enhance efficiency in their financial journeys.”
Customers will get real-time transaction confirmations, transparent and competitive fee structures. The platform has intuitive user interface. The platform is open to Yes Bank account holders and non-account holders.
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