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Rs 1500 Crore GST on Penal Charges - A Compliance Failure Auditors Must Examine in FY 2025-26
MOHAN.C 28 March 2026 at 09:40GST wrongly levied on penal charges by banks/NBFCs in 2024 has created a Rs 1500 crore issue with no refunds yet. Explore audit implications, legal position, and key concerns for CAs and auditors for FY 2025-26.
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