Jaitley inaugurates Non-Tax Receipt Portal

Initiating an innovative way for the Non-Tax receipts, the Union Finance Minister Arun Jaitley inaugurated the Non-Tax Receipt Portal (NTRP), developed by the Office of Controller General of Accounts (CGA).

The portal provides a one-stop platform to citizens /corporates/other users for making online payment of Non-Tax Receipts to Government of India.

The annual collection of Non Tax Receipts is over Rs. 2 lakh crores. The biggest share flows from Dividends paid by Public Sector Undertakings, RBI etc. The other major items of Non Tax Receipts are interest receipts, spectrum charges, royalty, license fee, sale of forms, RTI application fee etc, said an official statement.

The online electronic payment in a completely secured IT environment will help common users/citizens from the hassle of visiting bank premises for issue of drafts, and later to Government offices to deposit the instrument for availing services. It also helps avoidable delays and remittance of these instruments into Government account as well as eliminate undesirable practices in the delayed deposit of these instruments into bank accounts, it said.

A depositor can make online payment to the Government using either a Credit Card, a Debit Card or through Net Banking with the Payment Gateway Aggregator (PGA). At present, SBI e-Pay is the PGA for NTRP. This is an important initiative taken by Controller General of Accounts, Department of Expenditure, Ministry of Finance under the Digital India campaign.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.