01 Oct 2025 | 5 Mins Read
ICICI Bank faces Rs 216 crore GST notice
Flipitmoney
ICICI Bank received a Rs 216.27 crore Show Cause Notice from the Central Goods and Services Tax (CGST) department citing GST demand of Rs 216,27,31,316. The notice pertains to services provided by the bank for maintaining minimum account balances and the bank is already involved in similar litigation, exceeding the materiality threshold as of this particular matter.