Meaning of E-FPB under GST

Term E-FPB under GST

 

Electronic Focal Point Branch(E-FPB)

The details about E-FPB are explained here. 

 

E-FPB stands for Electronic Focal Point Branch.  These are branches of authorised banks which are authorised to collect payment of GST.  Each authorised bank will nominate only one branch as its E-FPB for pan India transactions.  The E-FPB will have to open accounts under each major head for all governments.  Total 38 accounts (one each for CGST, IGST and one each for SGST for each State / UT Government) will have to be opened.  Any amount received by such E-FPB towards GST will be credited to the appropriate account held by such E-FPB.

Please note that for NEFT and RTGS transactions, RBI will act as E-FPB.

The information provided here is about E-FPB.  If you would you like to add more information about E-FPB, share below your thoughts.


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