Bandhan Bank fined ₹2.99 Crore by Gujarat GST Deputy Commissioner
Bandhan Bank received a GST demand order for ₹2.99 crore from Gujarat authorities for FY21-22. The order includes ₹1.68 crore tax, ₹1.14 crore interest, and ₹16 lakh penalty. The bank believes there is no material impact and is considering legal remedies.
The bank explicitly stated that there is no material impact on its financials, operations, or other activities due to the order.
The bank has been issued a demand order with a significant financial implication, which is a negative development.
Bandhan Bank Limited has received a demand order from the Deputy Commissioner, Range-2, Gujarat, concerning a Goods and Services Tax (GST) matter. The order, issued under Section 73 of the CGST Act, 2017, alleges excess/ineligible Input Tax Credit availed/utilized and non-payment of GST on certain incomes for the Financial Year 2021-22.
The total quantifiable amount involved is ₹2,99,96,684, comprising ₹1,68,93,674 in tax, ₹1,14,13,643 in interest, and ₹16,89,367 in penalty. Despite the order, the bank states there is no material impact on its financials, operations, or other activities.
Bandhan Bank is currently examining the merits of the case to initiate necessary legal remedies, including filing an appeal before a higher authority. The disclosure was made on December 26, 2025, and is also available on the bank's website.
What to do with a filing like this
Bandhan Bank Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Bandhan Bank Limited. Read the original for the full detail.