The Central Board of Excise and Customs (CBEC) has
nominated Corporation Bank to collect central excise and
service taxes in the Bangalore Commissionerate II region.
regions falling under this commissionerate include Bangalore
Cantonment, Yelahanka, Doddabalapur, Tumkur, Chitradurga,
Davangere Harihar and Rannebennur. Branches located in
these regions will collect the taxes.
bank was already collecting these taxes in the Mangalore
Commissionerate since 2001 and in the Dakshina Kannada
district on behalf of the department.
officials had conducted a workshop to train personnel
of Corporation Bank's branches on the procedural aspects
of tax collection and their subsequent remittance to the
government with speed and accuracy.
bank has already been collecting direct taxes on behalf
of the government since March 2000 at 270 branches across
India. Further, the bank also handled the pension payments
for retired personnel of both the central and state government
in more than 400 branches all over the country.
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