“By means of direct integration with the GST portal, this initiative permits corporates and sole proprietor businesses to fulfill their tax obligations swiftly and securely utilizing YES BANK’s Retail and Company Web Banking platforms, in addition to any of its intensive department community,” YES Bank mentioned in a regulatory submitting.
The financial institution’s direct integration with the GST portal (www.gst.gov.in) permits taxpayers to generate GST challans and make funds immediately by way of YES Bank NetBanking, receiving actual-time confirmations and downloadable e-challans. Alternatively, taxpayers can decide for over-the-counter funds at YES Bank branches throughout India.
Additionally Learn: Sure Bank returns to F&O phase after 4 years; Right here is how the inventory has accomplished in 2024
The service is offered to each YES Bank prospects and non-prospects, broadening accessibility for seamless tax funds. The financial institution highlighted that this initiative aligns with its dedication to supporting India’s digital ecosystem and enhancing ease of doing enterprise.
Prashant Kumar, Managing Director and CEO of YES Bank, mentioned, “At YES BANK, buyer delight is on the core of every part we do. With a digital-first method pushed by innovation, accountability, and accountability, we try to ship seamless and environment friendly monetary options.
This mandate from the Authorities of India & Reserve Bank of India enabling a direct integration with the GST portal is a testomony to this imaginative and prescient of offering businesses with a quick, safe, clear and problem-free tax payment expertise.”
Additionally Learn: Sure Bank Q3 outcomes: Internet revenue greater than doubles to ₹612 crore
On Thursday (March 13), shares of YES Bank Ltd ended at ₹16.20, up by ₹0.050, or 0.31%, on the BSE.
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