ICICI Bank Faces Rs 229 Crore GST Notice Over Minimum Balance Services
ICICI Bank has received a show cause notice from GST authorities seeking Rs 229.14 crore in tax, interest and penalties linked to services offered to customers maintaining minimum account balances. The notice, issued on September 30 by the Additional Commissioner at the CGST and Central Excise Division-IV, adds to the bankโs ongoing legal and regulatory disputes over similar tax demands.
