30 Sep 2025 | 5 Mins Read
ICICI Bank faces ₹216 crore GST demand in Maharashtra
Flipitmoney
ICICI Bank Ltd received a Show Cause Notice for a GST demand of ₹216.27 crore, including interest and penalties, from Mumbai East Commissionerate. The amount exceeds materiality threshold, prompting disclosure to stock exchanges. The bank will respond within timelines, amid ongoing litigation on similar issues. Shares ended the session with marginal gains.