ICICI Bank faces GST demand of ₹ 2.29 billion in Maharashtra tax notice

By Public Technologies
  • ICICI Bank received a GST show-cause notice under Section 73 of the Maharashtra GST Act, 2017, dated Sept. 30, 2026.
  • Demand totals INR 2.29 billion, with interest and penalties, tied to services for customers maintaining specified minimum account balances.
  • The bank plans to file its reply within the prescribed timeline.
  • Similar matters remain under litigation, including a writ petition, on earlier tax orders and notices.


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