ICICI Bank faces Maharashtra GST appeal order demanding ₹50.38 crore tax plus penalty and interest

Reuters02-22

ICICI Bank said it has received an Order in Appeal from the Maharashtra GST Department under Section 107 of the CGST Act, 2017, reaffirming a tax demand of ₹50.38 crore along with an equivalent amount of penalty and applicable interest. The bank said it will take further steps, including filing another appeal within the prescribed timelines.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: R96JKR9RKLXS5RPX) on February 22, 2026, and is solely responsible for the information contained therein.

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