ICICI Bank receives ₹769 crore GST demand notice

Vaishnavi Mishra, Published on Mar 19th, 2026

ICICI Bank receives ₹769 crore GST demand notice

ICICI Bank on March 18 received a Goods and Services Tax (GST) demand of ₹768.6 crore, including penalty and interest. The notice relates to an alleged short payment of GST on services provided to customers maintaining specified minimum balances in their accounts. "[We] will…[be] contesting the order through a writ petition," ICICI Bank said.

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