[6-K] ICICI BANK LTD Current Report (Foreign Issuer)
The notice concerns services tied to minimum account balances, with interest and penalty also sought as applicable.
Sentiment and the balance of points
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Rhea-AI Filing Summary
ICICI Bank Limited received a show cause notice on September 30, 2026, under Section 73 of the Maharashtra Goods and Services Tax Act, 2017, raising a GST demand of ₹229,14,35,396, plus interest and penalty as applicable. The notice concerns services provided to customers maintaining specified minimum balances in their accounts and was issued by the Additional Commissioner, CGST and C. Ex, Division-IV, Mumbai East Commissionerate.
The Bank said it is in litigation, including a writ petition, on a similar issue raised in past orders and show cause notices. It will file a reply to this notice within prescribed timelines.
Key Figures
Key Terms
show cause notice regulatory
Maharashtra Goods and Services Tax Act, 2017 regulatory
materiality threshold regulatory
writ petition regulatory
FAQ
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What GST demand did IBN report?
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