ICICI Securities Limited has received order from the Appellate Joint Commissioner of State Tax, Hyderabad, Telangana on June 18, 2024. In the said order the Hon'ble commissioner has upheld the disallowance of Input tax credit preferred by the Assessing Officer and raised demand for GST along with interest and penalty. Goods and Service Tax is INR 307,308.

Interest is INR 322,917. Penalty is INR 35,880. Total is INR 666,105.