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Additional Commissioner

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Last Updated: Just Now
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Banking, Fintech & Insurance 18 Oct 2026, 02:00 PM IST

ICICI Bank Faces ₹229 Crore GST Demand Over Minimum Balance Services

ICICI Bank has received a show cause notice from GST authorities seeking ₹229.14 crore in connection with services linked 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 bank’s existing legal and regulatory overhang on a similar issue. The development underscores the continuing scrutiny of how banks classify and tax customer service charges, particularly in areas where fee structures intersect with indirect tax rules. ICICI Bank is already engaged in litigation over earlier notices involving comparable demands.

By RDU Global Wire5 min read
Banking, Fintech & Insurance16 Oct 2026, 05:22 AM IST

ICICI Bank Faces ₹229 Crore GST Demand Over Minimum Balance Services

ICICI Bank has received a show cause notice from GST authorities seeking ₹229.14 crore in tax, interest and penalties over services linked to customers maintaining minimum account balances. The notice, issued on September 30 by the Additional Commissioner at CGST and Central Excise Division-IV, adds to the lender’s ongoing legal disputes over similar tax demands. The case underscores the continuing regulatory scrutiny of banking service charges and their classification under India’s indirect tax regime.

5 min readRead →
Banking, Fintech & Insurance07 Oct 2026, 09:24 AM IST

ICICI Bank Faces ₹229 Crore GST Demand Over Minimum Balance Services

ICICI Bank has received a show-cause notice from GST authorities seeking ₹229.14 crore in tax, interest and penalties over services linked 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 bank’s existing litigation over similar tax disputes.

5 min readRead →
Banking, Fintech & Insurance03 Oct 2026, 07:06 PM IST

ICICI Bank Faces ₹229.14 Crore GST Notice Over Minimum Balance Services

ICICI Bank has received a show-cause notice from GST authorities seeking ₹229.14 crore in tax demand over services linked 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 bank’s ongoing legal and regulatory disputes over similar past notices.

5 min readRead →
India Sports & CricketJust now (04:44 PM IST)

Indian Women Target Chinese Hockey Dominance at Asian Games

India’s women’s hockey team enters the Asian Games with a clear competitive mission: to challenge China’s long-standing regional supremacy and convert recent progress into a statement result. The contest carries significance beyond medals, with India seeking to prove it can sustain pressure against one of Asia’s most disciplined and technically polished sides.

5 min readRead →
Startups & Venture CapitalJust now (08:24 AM IST)

Building AI for India Means Solving Scale, Access and Cost First

The race to build AI products for Indian users is increasingly being defined less by model sophistication and more by distribution, affordability and real-world usability. For consumer platforms such as Meesho, the question is whether voice interfaces and other AI tools can materially improve conversion in a market where millions of users remain price-sensitive and digitally uneven.

5 min readRead →
Startups & Venture CapitalJust now (02:44 AM IST)

At 10, Kalhath Shows How Indian Embroidery Went Global Through Contemporary Design

As Lucknow-based Kalhath Institute marks a decade, co-founder Maximiliano Modesti is reflecting on a project that helped reposition Indian embroidery from heritage craft to contemporary artistic language. The institute’s evolution underscores a larger shift in how traditional handwork is being preserved, interpreted and placed into global design conversations.

5 min readRead →

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