This service will help business entities including proprietorship firms, partnership firms as well as private and public limited companies to pay GST directly to the government.
The tax payer will be required to generate the challan on the GSTN portal and choose Bank of Maharashtra to make the payment through various digital modes such as its Corporate and Retail Internet Banking platforms.
Speaking about the announcement, R.P. Marathe, MD and CEO, Bank of Maharashtra said, “The Goods & Services Tax (GST) is a significant transformation with multiple benefits – the creation of a level market, enhanced ease of doing business, and improved tax compliance. We are delighted to have been authorised to extend our technology based services and branches for collection of GST. This initiative is in line with the bank’s philosophy of ‘One Family One Bank’, wherein we are committed to continuously build the philosophy of building a stronger India. I believe that this new digital facility coupled with our extensive branch network will offer more convenience to tax payers in fulfilling the national mission of moving to the GST regime.”
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