The banking major offers payment of GST online through the modes of internet banking and SBI debit cards. "GST up to Rs 10,000 can also be deposited in cash/cheque/draft at our 25,473 branches across the country," Ms Bhattacharya has said.
"So, pay online from the comfort of your home/office or visit your nearest branch to pay GST," the SBI chief added.
SBI is GST ready. Pay Goods & Services tax via INB/debit or credit card.— State Bank of India (@TheOfficialSBI) June 30, 2017
Our branches can collect cash/cheque upto Rs. 10,000/- per receipt. pic.twitter.com/3qa89XIxu j
Introduced in the run-up to the historic midnight launch of GST as "one nation, one tax", GST subsumes over a dozen of central and state levies. These include sales tax, service tax, VAT or value-added tax, excise duty and octroi. Traders, manufacturers and service providers alike are studying the implications on billing and pricing under the new system.
(Also read: The mechanics of GST)
In another post on Twitter, SBI quoted a customer making GST payment through the bank's internet banking "shortly after midnight" as saying: "Thank you SBI for making GST so simple."
A customer making GST payment through SBI's Internet Banking shortly after midnight. His comment: "Thank you SBI for making GST so simple." pic.twitter.com/suYTvtu1K k— State Bank of India (@TheOfficialSBI) July 1, 2017
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