JAMMU, Feb 05: Jammu and Kashmir Bank received Rs 16,000-crore GST notice, including GST and penalty amount.
As per details with Cross Town News, J&K Bank in a regulatory filing, said "Bank has received a demand dated February 04, 2025 from Joint Commissioner, Central GST Commissionerate, Jammu for GST liability of Rs. 81,30,66,42,768/- (Rupees Eight Thousand One Hundred Thirty Crores Sixty Six Lacs Forty Two Thousand Seven Hundred and Sixty Eight Only) with interest as applicable and penalty of Rs. 81,30,66,42,768/- (Rupees Eight Thousand One Hundred Thirty Crores Sixty Six Lacs Forty Two Thousand Seven Hundred and Sixty Eight Only)."
J&K Bank, has stated that the demand order will not have any material impact on its financials, operations, or overall business activities.
|