CSB Bank fined ₹43.10 Lakhs by CGST; plans appeal.
CSB Bank Limited received an order imposing a penalty of ₹43,10,605 from CGST Mumbai East. The penalty relates to alleged excess Input Tax Credit and short payment of GST for FY 2018-19 to 2022-23. The bank plans to appeal the order, stating no material impact on its operations.
The bank has stated that there is no material impact on its financial, operational, or other activities and plans to appeal the order.
The company has been imposed a penalty, which is a negative development.
CSB Bank Limited has been penalized ₹43,10,605 by the Assistant Commissioner, Division – III, CGST & Central Excise, Mumbai East. The order, dated December 26, 2025, was received by the bank on December 29, 2025. The penalty was imposed under section 74 of the CGST Act, 2017, relating to alleged excess availment of Input Tax Credit and short payment of GST liability under Reverse Charge Mechanism for the financial years 2018-19 to 2022-23.
The bank disputes the order and intends to explore filing an appeal. According to the disclosures, the alleged violation pertains to excess Input Tax Credit and short payment of GST under RCM. The bank has stated that there is no material impact on its financial, operational, or other activities as a result of this order.
What to do with a filing like this
CSB 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.
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See the model portfoliosA plain-language summary of a public exchange filing by CSB Bank Limited. Read the original for the full detail.