GST body alleges Rs 25 cr tax evasion at RBL Bank

The anti-evasion wing of Central GST (Goods and Services Tax) and central excise in Mumbai has alleged a tax evasion of around 25 crore by RBL Bank over fees charged by banking correspondents (BCs) in transactions spanning three years. The 'cut and pay' model of the bank undervalued the domestic money transfer services, a source at the GST body said. RBL Bank provides the domestic money transfer s…