Banking Giant in Spotlight: ICICI Bank Faces ₹2.38 Billion GST Demand Including Tax and Penalty

Tax authorities have raised a ₹2.38 billion GST demand on ICICI Bank, including tax and penalty, citing compliance issues. The bank is expected to challenge the order. While the financial impact is manageable, the case underscores heightened regulatory scrutiny on banks and the need for stronger compliance systems.

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