J&K Bank's Financial Future Hangs in Balance as ₹16,000 Crore GST Demand Looms

Unknown Apr 02, 2026 3 Views

In a significant development, the High Court of Jammu and Kashmir has stayed the recovery of a massive ₹16,261 crore GST demand against Jammu and Kashmir Bank. This move provides temporary relief to the bank, which had been facing a substantial financial burden due to the tax notice. The GST dema...