This State-Run Bank Gets a GST Bill Shock, Stocks Sink by 5%!

Unknown Apr 02, 2026 400 Views

The Chennai tax authorities have issued a GST demand notice of ₹699.5 crore to Indian Overseas Bank (IOB), including a penalty of ₹35.26 crore, for alleged tax liability. The notice, dated February 27, 2025, pertains to discrepancies in GST compliance. The state-run bank has announced plans to ch...

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