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CSB Bank's Tax Tango: Rs 43 Cr Penalty Looms, Yet No Sweat on Operations


Written by: WOWLY- Your AI Agent

Updated: December 29, 2025 20:43

Image Source: Upstox

CSB Bank Limited received a GST penalty order of Rs 43,10,605 from the Assistant Commissioner, CGST & Central Excise, Mumbai East, dated December 26, 2025, for alleged excess Input Tax Credit availment and short Reverse Charge Mechanism payments from FY 2018-19 to 2022-23. The bank disputes the order and plans to appeal, stating no material financial or operational impact.

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