Archive · 1 Oct 2025
ICICI Bank Receives ₹216 Crore GST Demand Notice
ICICI Bank was sent a notice from the tax department because they think the bank didn't pay enough Goods and Services Tax, or GST.
The amount is around ₹216 crore.
The tax department says this is because of services provided to customers with minimum account balances.
ICICI Bank says it will reply to the notice.
They mention this matter is already in the past under litigation.
ICICI Bank received a GST demand notice.
The demand is for ₹216.27 crore.
The notice was issued by the Additional Commissioner of CGST.
The demand relates to services offered to customers with minimum balances.
ICICI Bank will file a reply to the notice.
- Who
- ICICI Bank
- What
- Received a GST demand notice
- When
- September 29, 2025
- Where
- India
- Why
- Alleged short payment of GST
Tax Department
ICICI Bank
GST Payment
Tax Department
Issued a notice for short payment of GST.
ICICI Bank
Will file a reply to the notice.
- Company
- ICICI Bank
- Demand Amount
- ₹216.27 crore
- Issued By
- Additional Commissioner of CGST, Mumbai East Commissionerate
- Notice Date
- September 29, 2025
- Reason
- Alleged short payment of GST
