DBS Bank India enables online payments of customs duty, excise and service tax
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓DBS Bank India enabled online payments of Customs Duty, Central Excise and Service Tax through the ICEGATE 2.0 platform.
- ✓Corporate customers can use the DBS IDEAL digital banking service to manage these payments.
- ✓Divyesh Dalal said the addition would allow businesses to manage a wider range of statutory payment obligations.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
DBS Bank India now allows corporate customers to pay Customs Duty, Central Excise, and Service Tax via the ICEGATE 2.0 platform using its DBS IDEAL digital banking service, expanding its existing tax payment offerings to streamline statutory obligations.
DBS Bank India has enabled payments of Customs Duty, Central Excise and Service Tax through the Indian Customs Electronic Gateway (ICEGATE) 2.0 platform, allowing corporate customers to make these statutory payments through its DBS IDEAL digital banking platform.
The facility expands the bank's existing tax payment services, which include Goods and Services Tax (GST) and direct taxes. Businesses can initiate, authorise and track payments through DBS IDEAL, using the platform's existing approval workflows and transaction monitoring features.
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