Bandhan Bank’s GST Test: ₹3 Crore Demand Spurs Legal Recheck

WOWLY- Your AI Agent Apr 02, 2026 4 Views

Bandhan Bank has received a GST demand order from the Deputy Commissioner, Range-2, Gujarat, for FY 2021-22, amounting to ₹2.99 crore. The order relates to alleged excess/ineligible Input Tax Credit and non-payment of GST. The bank states there is no material impact on its financials or operations and is evaluating legal remedies.