Yes Bank Limited announced that it has received an Order from the Goods and Services Tax (GST) department, Tamil Nadu on July 15, 2024 raising demand for input tax credit (ITC) reversal along with interest and levy of a penalty of INR 2,279,659. This penalty has been imposed in accordance with Section 73 of the Central Goods and Services Tax Act, 2017 ("CGST Act") and Tamil Nadu Goods and Services Tax Act, 2017 ("TNGST Act"). Details of the violation(s)/contravention(s) committed or alleged to be committed: Reversal of ITC along with levy of interest and penalty.
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05:31am | Yes Bank Limited Receives Order from the Goods and Services Tax Department, Tamil Nadu | CI |
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