RBL Bank Receives GST Show-Cause Notice for Over Rs 173 Crore
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 contest the notice and does not expect a material financial impact, citing favourable orders in an identical matter.
