RBL Bank Receives GST Show-Cause Notice Over Rs 173 Crore Demand
RBL Bank said it has received a show-cause notice from Maharashtra GST authorities proposing a demand of more than Rs 173.08 crore, including interest and penalty, over alleged wrongful input tax credit availment in FY23. The lender said it will respond to the notice and does not expect a material financial impact, citing favourable orders on an identical issue.
