GST unit cracks down on 3 private banks, 1 payment bank for Rs 100-cr tax evasion

Three Mumbai-based private banks and a payments bank are being probed for allegedly evading Rs 100 crore of Goods and Services Tax (GST) and flouting RBI guidelines on money transfer. The entities are suspected of evading GST by under-reporting the value of the funds transferred for customers. A senior official at the Central Go…