As per the exchange filing, the private sector lender Yes Bank was fined Rs 3 crore by the Tamil Nadu Goods and Services Tax (GST) department on account of various GST issues. However, the bank does not expect any material impact on its financial or other operational activities due to the order.
Advertisements
Further, the bank also added that it would pursue legal options against the order.
Recently, the bank had received two separate tax notices from the Bihar GST department for Rs 20,000 and Rs 1,38,584, respectively, in December.
Read more at: Business Standard
Share this content: