Private sector lender YES Bank Ltd on Friday (March 14) said it has introduced a Goods and Services Tax (GST) payment facility, further expanding its digital banking services. The initiative, authorised by the Government of India, enables businesses and individuals to make GST payments efficiently through YES BANK’s NetBanking platform and branch network.
“Through direct integration with the GST portal, this initiative enables corporates and sole proprietor businesses to meet their tax obligations swiftly and securely using YES BANK’s Retail and Corporate Internet Banking platforms, as well as any of its extensive branch network,” YES Bank said in a regulatory filing.
The bank’s direct integration with the GST portal (www.gst.gov.in) allows taxpayers to generate GST challans and make payments instantly via YES Bank NetBanking, receiving real-time confirmations and downloadable e-challans. Alternatively, taxpayers can opt for over-the-counter payments at YES Bank branches across India.
The service is available to both YES Bank customers and non-customers, broadening accessibility for seamless tax payments. The bank highlighted that this initiative aligns with its commitment to supporting India’s digital ecosystem and improving ease of doing business.
The Managing Director and CEO of 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 the 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.”
