“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.
Also Read: Yes Bank returns to F&O segment after four years; Here is how the stock has done in 2024
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.
Prashant Kumar, 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.”
Also Read: Yes Bank Q3 results: Net profit more than doubles to ₹612 crore
On Thursday (March 13), shares of YES Bank Ltd ended at ₹16.20, up by ₹0.050, or 0.31%, on the BSE.
