Meghalaya government has signed two MoUs with the State Bank of India as a part of an initiative towards migrating government transactions to digital mode. With the implementation of the Goods and Services Tax(GST), these MoUs are expected to give dealers and other citizens the desired platform for conducting financial transactions with the state government on a digital platform.
The state government has already established a new treasury called as Cyber Treasury, which dedicatedly handles all online transactions of government receipts across the state centrally for a few selected departments. The state government will now escalate its transactions for the collection of tax and non-tax revenue through the online system – Government Receipt Accounting System (GRAS) covering all departments in a phased manner. This facility will be available through the gateway provided by SBI ePay under the MoU.
Static Takeaways from Above News-
- Mukul Sangma is the present CM of Meghalaya.
- Banwarilal Purohit is the Governor of Meghalaya.
Source- The Economic Times