Chandigarh Administration and RBI Sign MoU for Structured Management of Tax Receipts

Chandigarh: The Chandigarh Administration and the Reserve Bank of India (RBI) today signed a Memorandum of Understanding (MoU) to establish a structured system for depositing and managing tax receipts, including the Integrated Goods and Services Tax (IGST). The arrangement aims to improve the monitoring and reconciliation of tax collections and provide a more organised process for managing government receipts. The MoU was signed by Nishant Kumar Yadav, Deputy Commissioner-cum-Excise and Taxation Commissioner, Chandigarh, on behalf of the Chandigarh Administration, and Sivakumar Bose, Chief General Manager, Department of Government and Bank Accounts, RBI. Officials from the Excise and Taxation Department and the RBI were present on the occasion.