ICICI Bank (IBN) Telangana GST demand and penalty nullified
Rhea-AI Filing Summary
ICICI Bank Limited reports that a prior tax demand from the Telangana Goods and Services Tax Department has been fully set aside on appeal. The original order had raised a demand of ₹210,688 and a corresponding penalty of ₹21,068. On November 13, 2025, the Appellate Joint Commissioner issued an Order in Appeal under section 107 of the Telangana Goods and Services Tax Act, 2017, setting aside the earlier order in original, so the tax demand and penalty now stand disposed of and nullified.
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FAQ
What did ICICI Bank Limited (IBN) disclose in this Form 6-K?
ICICI Bank Limited disclosed that an earlier tax demand and penalty issued by the Telangana Goods and Services Tax Department have been set aside by an appellate authority, so the demand now stands disposed of and nullified.
What was the amount of the Telangana GST tax demand against ICICI Bank (IBN)?
The earlier Telangana GST order had raised a tax demand of ₹210,688 on ICICI Bank Limited, along with a penalty of ₹21,068.
What is the outcome of ICICI Bank’s appeal under the Telangana Goods and Services Tax Act, 2017?
The Appellate Joint Commissioner issued an Order in Appeal under section 107 of the Telangana Goods and Services Tax Act, 2017, setting aside the previous order in original, which means the tax demand and penalty have been nullified.
Did ICICI Bank previously disclose the Telangana GST tax demand?
Yes. ICICI Bank had earlier disclosed, in a letter dated December 23, 2023, that it received an order in original from the Telangana Goods and Services Tax Department raising the tax demand and penalty, and that the Bank had filed an appeal.
Who signed the Form 6-K filing for ICICI Bank Limited (IBN)?
The Form 6-K was signed on behalf of ICICI Bank Limited by Prachiti Lalingkar, who is identified as the Company Secretary.
