Today news
About the same in other media
IDBI Bank gets Rs 2.97 crore GST demand order
Reading now: 710
IDBI Bank on Tuesday said it has received a GST demand order of Rs 2.97 crore along with interest and penalty for alleged excess availment of input tax credit (ITC). In a regulatory filing, the private sector bank said the Dehradoon state tax department has issued an order under the GST rules pertaining to 2018-19 fiscal for alleged excess availment and utilisation of ITC.
Lok Sabha Voting Phase 3: All the latest news
The order includes a tax demand of Rs 1.42 crore as well as interest and penalty of Rs 1.41 crore and Rs 0.14 crore, respectively.
«The bank is evaluating appropriate legal remedy, including appeal, as per law,» IDBI Bank said.
Shares of IDBI Bank were trading at Rs 85.41, down 3.82 per cent over previous close on the BSE.
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
About this in other media
SBI, ICICI Bank, Axis Bank, PNB, AU Small Finance Bank warn customers about banking frauds; different scams, ways to safeguard yourself economictimes.indiatimes.com /7 months ago
Axis Bank vs ICICI Bank: Which is the best Indian banking stock? livemint.com /7 months ago
Centre may get around ₹1 lakh crore in RBI dividend economictimes.indiatimes.com /7 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
