RBL Bank gets show cause notice with GST demand of over Rs 173 cr

RBL Bank has received a show-cause notice involving a GST demand of over Rs 173 crore. This demand relates to input tax credit claimed for the fiscal year 2022-23. The bank intends to respond to the notice from Maharashtra state’s GST authorities. Previous favorable orders have led RBL Bank to believe it can contest this matter effectively.

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