Archive · 18 Dec 2025
ICICI Bank Receives Rs 238 Cr GST Demand Notice
ICICI Bank has received a big bill from the tax department.
They say the bank didn't pay enough GST, which is a tax on goods and services.
The bill is for Rs 238 crore, which includes the tax amount, a penalty, and some interest.
The bank is not happy about this and plans to fight the bill in court.
They have dealt with similar issues before and will take steps to contest this one too.
ICICI Bank received a GST demand notice of Rs 237,90,04,448 from tax authorities.
The notice includes Rs 216,27,31,316 in tax, Rs 21,62,73,132 as penalty, and applicable interest.
The notice was issued under Section 73 of the Maharashtra GST Act, 2017.
ICICI Bank plans to contest the order through a writ petition or appeal.
The bank has faced similar issues in the past and is currently in litigation.
- Who
- ICICI Bank
- What
- Received a GST demand notice of Rs 238 crore
- When
- December 17
- Where
- Maharashtra, India
- Why
- Alleged short payment of GST
- Bank
- ICICI Bank
- GST Demand
- Rs 237,90,04,448
- Tax Amount
- Rs 216,27,31,316
- Penalty
- Rs 21,62,73,132
- Date of Notice
- December 17
- Applicable Law
- Maharashtra GST Act, 2017
- Section
- Section 73
- Bank's Response
- Will contest the order through a writ petition/appeal
