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IndusInd Bank gets authorised by RBI to collect direct and indirect taxes

Oct 13, 2021 - Business Standard India

IndusInd Bank has been authorised by the Reserve Bank of India for collection of direct and indirect taxes on behalf of the Central Board of Direct Taxes and the Central Board of Indirect Taxes and Customs.

The authorization has been awarded basis a recommendation from the Controller General of Accounts as well as the Ministry of Finance (Govt. of India), and comes close on the heels of the Bank being appointed as an 'Agency Bank' of the RBI to conduct government business.

With this,...