ICICI Bank's appeal against Telangana GST tax demand of ₹2.10 lakh nullified
ICICI Bank's appeal against a ₹2.10 lakh Telangana GST tax demand and ₹21,068 penalty has been successful, with the original order now nullified by the Appellate Joint Commissioner.
The financial amount involved (tax demand of ₹210,688 and penalty of ₹21,068) is negligible for a large financial institution like ICICI Bank, resulting in a low material impact on its financials.
The bank successfully appealed a tax demand and penalty, leading to the nullification of the original order, which is a favorable outcome for the company.
* ICICI Bank received an order in original (OIO) from the Telangana Goods and Services Tax Department on December 23, 2023, for a tax demand of ₹210,688 and a corresponding penalty of ₹21,068. * The Bank had filed an appeal against this OIO. * On November 13, 2025, at 5:05 p.m., the Bank received an Order in Appeal under section 107 of the Telangana Goods and Services Tax Act, 2017. * The Appellate Joint Commissioner issued an order setting aside the aforementioned OIO. * Consequently, the tax demand and penalty of ₹210,688 and ₹21,068 respectively, stand disposed of and nullified.
What to do with a filing like this
ICICI 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 ICICI Bank Limited. Read the original for the full detail.