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      Question

      The Reserve Bank of India has authorized private sector

      lender ______to collect direct and indirect taxes on behalf of CBDT and CBIC on the recommendation from the Controller General of Accounts (CGA), Ministry of Finance.
      A Karnataka Bank Correct Answer Incorrect Answer
      B South Indian Bank Correct Answer Incorrect Answer
      C Federal Bank Correct Answer Incorrect Answer
      D Bandhan Bank Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India has authorised private sector lender Karnataka Bank to collect direct and indirect taxes on behalf of CBDT and CBIC. This has been done on the recommendation from the Controller General of Accounts (CGA), Ministry of Finance. The (ICEGATE) portal of the Central Board for Indirect Taxes and Customs (CBIC) provides e-filing services to the trade, cargo carriers and other trading partners electronically.

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