IndusInd Bank Faces Rs 21.62 Crore GST Demand
IndusInd Bank received a GST demand notice of Rs 21.62 crore for alleged short payment. The bank plans to appeal the order.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Feb 25 (PTI) IndusInd Bank on Tuesday said tax authorities have slapped a demand notice of about Rs 21.62 crore for alleged short payment of GST.
The bank has received a communication/demand order on Tuesday from Deputy Commissioner of State Tax, Ahmedabad, Gujarat for various GST issues, IndusInd Bank said in a regulatory filing.
The financial impact of the demand is to the extent of Rs 21.62 crore including penalty, it said.
The bank will explore filing of appeal against the order, it said.
The bank has received a communication/demand order on Tuesday from Deputy Commissioner of State Tax, Ahmedabad, Gujarat for various GST issues, IndusInd Bank said in a regulatory filing.
The financial impact of the demand is to the extent of Rs 21.62 crore including penalty, it said.
The bank will explore filing of appeal against the order, it said.
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