Report
RBL Bank receives notice proposing GST demand of over Rs 173 crore
The Economic Times reports that Maharashtra GST authorities issued RBL Bank a show-cause notice over alleged wrongful use of input tax credit in FY23. The proposed demand exceeds Rs 173.08 crore, including interest and penalty.
TLDR
The Economic Times reports that RBL Bank said it received a show-cause notice from Maharashtra GST authorities proposing a demand of over Rs 173.08 crore, including interest and penalty, over alleged wrongful use of input tax credit in FY23. The bank said it will respond and expects no material financial impact, citing favorable orders on an identical issue.
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