28-Sept-2026 21:22:16

EQUITA: RECEIVES REVISED SHOW CAUSE NOTICE FROM GST AUTHORITIES

• GST authorities have substantially reduced the proposed assessment amount from ₹533.81 Cr to ₹23.95 Cr. • The revised amount includes ₹21.67 Cr tax, ₹11.11 Lakh interest, and ₹2.17 Cr penalty. • The bank believes the remaining amount is eligible for exemption. • Impact: Potential reduction in financial liability regarding GST notice.

Equitas Small Finance Bank Ltd

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