IndusInd Bank receives GST Demand Notice worth Rs.21.62 Crore for short payment of GST:

IndusInd Bank receives GST Demand Notice worth Rs.21.62 Crore for short payment of GST IndusInd Bank announced on Tuesday that it has received a GST demand notice from tax authorities worth Rs.21.62 crore, due to alleged short payment of Goods and Services Tax (GST). The Deputy Commissioner of State Tax, Ahmedabad, Gujarat, issued a communication regarding this demand order, noting multiple GST irregularities pertaining to the bank, IndusInd Bank said in a regulatory filing. This order has financial implications, including a Rs.21.62 crore total liability that includes penalties. In response, IndusInd Bank has stated that it intends to look into the possibilities of  filing an appeal against the order. IndusInd Bank Limited is one of India's leading financial services brands with its headquarters in Mumbai, Maharashtra. This bank offers personal and business banking products and services, including savings and current accounts, fixed deposits, cards, loans, NRI Banking etc.