ICICI Bank Ltd has received an Order in Appeal (OIA) from the Maharashtra Goods and Services Tax (GST) Department raising a tax demand of ₹50,38,09,792, along with an equivalent amount of penalty and interest as applicable.
ICICI Bank is facing significant Goods and Services Tax (GST) demands from state tax authorities, totaling more than ₹100 crore. The bank is disputing these claims and has decided to challenge them in court.
Maharashtra’s GST authorities on Wednesday initiated search operations at three offices of ICICI Bank, the second-largest private lender in India. The bank disclosed this development in a regulatory filing later that evening, noting its full cooperation in providing the requested data.
From Hindustan Unilever to ICICI Bank, HDFC Bank and Eicher Motors, almost all the big names of India Inc and thousands, if not…
Private sector lenders ICICI Bank Ltd and Kotak Mahindra Bank Ltd on Thursday (December 28) said they have received demand notices from…
ICICI Bank has told exchanges it has received a demand order from the Maharashtra Goods and Services Tax (GST) department amounting…
