ICICI Bank, India’s largest private sector bank by consolidated assets, has been authorised by the Ministry of Finance to collect Goods and Service Tax (GST). 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 ICICI Bank to make the payment through various digital modes such as its Corporate and Retail Internet Banking platforms, credit & debit cards and RTGS/NEFT facilities.
Additionally, any business entity, including those who are not customers of ICICI Bank, will be able to pay GST upto Rs 10000 per challan at the Bank’s branches across the country.
