RBL Bank receives GST show-cause notice over alleged Rs 173 crore input tax credit claim
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 availment of input tax credit in FY23. The lender said it will respond to the notice and does not expect a material financial impact, citing favourable orders in an identical matter.
