ICICI Bank receives ₹168M West Bengal tax demand

Q: How much GST is demanded from ICICI Bank (IBN)?

The notice includes a GST demand of ₹16,75,96,536. It comprises tax of ₹9,30,73,770, interest of ₹6,52,15,388 and penalty of ₹93,07,378.

The notice lists separate tax, interest and penalty amounts, and ICICI Bank says it will respond within prescribed timelines.

Filing Impact

(Neutral)

Filing Sentiment

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Sentiment and the balance of points

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Form Type

6-K

Rhea-AI Filing Summary

ICICI Bank Limited (IBN) said it received a show cause notice from the Joint Commissioner of Revenue, West Bengal, with a Goods and Services Tax demand of ₹16,75,96,536. The notice concerns services provided to customers maintaining specified minimum balances in their accounts.

The demand comprises tax of ₹9,30,73,770, interest of ₹6,52,15,388 and penalty of ₹93,07,378. ICICI Bank said it will file a reply within prescribed timelines and is in litigation, including a writ petition, on a similar issue raised in past orders and show cause notices.

Key Figures

GST demand: ₹16,75,96,536 Tax component: ₹9,30,73,770 Interest component: ₹6,52,15,388 +1 more

4 metrics

GST demand ₹16,75,96,536 Demand amount included in the West Bengal show cause notice

Tax component ₹9,30,73,770 Component of the GST demand

Interest component ₹6,52,15,388 Component of the GST demand

Penalty component ₹93,07,378 Component of the GST demand

Key Terms

Goods and Services Tax (GST), show cause notice (SCN), writ petition

3 terms

Goods and Services Tax (GST) regulatory

"Goods and Services Tax (GST) demand"

A goods and services tax (GST) is a consumption tax added to the sale price of most goods and services and collected by businesses on behalf of the government. Think of it as a sales add-on at checkout that companies collect and then pass along to tax authorities; it matters to investors because it can affect product prices, company profit margins, cash flow timing, and administrative costs, all of which influence valuations and competitive positioning.

show cause notice (SCN) regulatory

"received a show cause notice (SCN)"

writ petition regulatory

"including writ petition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much GST is demanded from ICICI Bank (IBN)?

The notice includes a GST demand of ₹16,75,96,536. It comprises tax of ₹9,30,73,770, interest of ₹6,52,15,388 and penalty of ₹93,07,378.

How will ICICI Bank respond to the West Bengal GST notice?

ICICI Bank said it will file a reply within prescribed timelines. It also said it is in litigation, including a writ petition, on a similar issue raised in past orders and show cause notices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 09/28/2026 - 06:06 AM Accepted by SEC EDGAR 09/28/2026 - 06:02 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 OR

15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-15002

ICICI Bank Limited
(Translation of registrant’s name into English)

ICICI Bank Towers,
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.

Form 20-F X

Form 40-F

Table of Contents

Items:

Others

OTHER NEWS

Subject: Disclosure under Indian Listing Regulations

IBN

ICICI Bank Limited (the Bank) Report on Form 6-K

The Bank has made the below announcement to the Indian Stock Exchanges:

Today, at 11:29 a.m., ICICI Bank Limited (the Bank) has received a show cause notice (SCN) under Section 73 of West Bengal Goods and Services Tax Act, 2017 from Joint Commissioner of Revenue, West Bengal. The aforesaid SCN includes a Goods and Services Tax (GST) demand amounting to ₹ 16,75,96,536/-(Tax ₹ 9,30,73,770/-; interest ₹ 6,52,15,388/- and penalty ₹ 93,07,378/-) on services provided by the Bank to customers maintaining specified minimum balances in their accounts.

While the Bank is in litigation (including writ petition) on a similar issue raised in orders/SCNs in the past, since the aggregate/cumulative amount involved in the above crosses the materiality threshold, this matter is being reported.

The Bank will file a reply to the said SCN within prescribed timelines.

Please take the above information on record.

ICICI Bank Limited

ICICI Bank Towers

Bandra-Kurla Complex

Mumbai 400 051, India.

Tel.: 022- 4008 8900

Email: companysecretary@icici.bank.in

Website: www.icici.bank.in

CIN.: L65190GJ1994PLC021012

Regd. Office: ICICI Bank Tower, Near Chakli Circle,

Old Padra Road, Vadodara 390007. India

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

		For ICICI Bank Limited


Date	: September 25, 2026	By:	/s/ Vivek Ranjan
			Name :	Vivek Ranjan
			Title :	Leadership Team