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IndusInd Bank gets GST demand notice of Rs 21.62 crore for short payment

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.

1 min read Last Updated : Feb 25 2025 | 10:44 PM IST

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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.

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