ICICI Bank Under GST Scrutiny: Maharashtra GST conducted operations in several branches

According to a statement issued by the bank, the proceedings are currently underway, and ICICI Bank is fully cooperating with the authorities, providing requested data.

ICICI Bank Under GST Scrutiny: Maharashtra GST conducted operations in several branches

The Maharashtra State Goods and Services Tax (GST) authorities initiated search operations at three offices of India's second-largest bank- ICICI Bank - on December 4, 2024.

According to a statement issued by the bank, the proceedings are currently underway, and ICICI Bank is fully cooperating with the authorities, providing requested data.

"Please note that on December 4, 2024, GST authorities initiated search at three offices of ICICI Bank. The proceedings are ongoing and the Bank is cooperating fully in providing data as per request placed," ICICI Bank said in a filing.

The GST department has made such operations under Sections 67(1) and 67(2) of the Maharashtra GST Act, 2017.

(This story will be updated shortly)

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Written By: ZeeBiz WebTeam
Updated: Thu, Dec 05, 2024
08:48 AM IST
New Delhi, ZeeBiz WebDesk
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