ICICI Bank faces GST demand of ₹ 2.29 billion in Maharashtra tax notice

Bitget2026/10/01 13:38

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ICICI Bank received a GST show-cause notice under Section 73 of the Maharashtra GST Act, 2017, dated Sept. 30, 2026.
Demand totals INR 2.29 billion, with interest and penalties, tied to services for customers maintaining specified minimum account balances.
The bank plans to file its reply within the prescribed timeline.
Similar matters remain under litigation, including a writ petition, on earlier tax orders and notices.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: CM7F62ZA1WWGOV99) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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ICICI Bank faces GST demand of ₹ 2.29 billion in Maharashtra tax notice

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