Thrissur: South Indian Bank has announced the launch of its UPI-based GST payment facility on the GST portal.  The new service enables taxpayers across India to make GST payments seamlessly using UPI through QR codes and VPA IDs.

Reserve Bank of India has authorised South Indian Bank for undertaking Government Business as an `Agency Bank’ and the Bank is also authorised by the Central Board of Indirect Taxes & Customs (CBIC) for collection of Indirect Taxes. The Bank had earlier introduced GST payment options through its internet banking platform ‘SIBerNet’ and Over-the-Counter services in April 2023. With UPI now added as a payment option, both customers and non-customers of the Bank can make faster and convenient GST payments. This move is expected to enhance easy tax compliance for both businesses and individuals.

Commenting on this development, Biji S S, SGM & Head – Branch Banking, South Indian Bank, said the integration will make GST payments faster and more convenient for taxpayers. “UPI is the most preferred mode of payment today. This integration allows taxpayers, including both our customers and non-customers, to pay GST via UPI through South Indian Bank. With this option, taxpayers can complete their transactions securely and effortlessly from anywhere,” she added.