Quick Summary
Yes Bank, a prominent private sector lender, found itself at the center of attention as it received a tax receipt amounting to Rs 3 crore from the Tamil Nadu Goods and Services Tax (GST) department on December 31, 2023. This transaction is linked to various GST-related issues. According to details disclosed in an exchange filing, the bank was subjected to a fine of Rs 3,01,50,149 by the GST department. Despite this significant penalty, Yes Bank has conveyed that it does not anticipate any sub
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FAQ :
Yes Bank has been fined Rs 3,01,50,149 by the Tamil Nadu Goods and Services Tax (GST) department.
The penalty is linked to various GST-related issues, as disclosed in an exchange filing.
Yes Bank has stated that it does not anticipate any substantial impact on its financial or operational activities resulting from the order.
Yes Bank intends to pursue legal avenues to challenge the order.
Yes, Yes Bank received two separate tax notices from the Bihar GST department in December, amounting to Rs 20,000 and Rs 1,38,584.
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