<p>New Delhi:<a href="https://www.deccanherald.com/search?q=ICICI%20Bank"> ICICI Bank</a> on Thursday said tax authorities have slapped a demand notice of Rs 238 crore on it for alleged short payment of <a href="https://www.deccanherald.com/search?q=GST">GST</a>.</p>.<p>On December 17, the bank has received an order under Section 73 of the <a href="https://www.deccanherald.com/search?q=Maharashtra">Maharashtra</a> Goods and Services Tax (GST) Act, 2017, from the relevant authority, raising a GST demand of Rs 237,90,04,448, comprising Rs 216,27,31,316 in tax and Rs 21,62,73,132 as penalty, along with interest as applicable for the same subject matter, ICICI Bank said in a regulatory.</p>.ICICI Bank pledges Rs 625 crore to set up radiation therapy facilities at Tata Memorial Centre.<p>"While the bank is in litigation (including writ petition) on similar issues raised in orders/SCNs in the past, since the aggregate/cumulative amount involved in the above crosses the materiality threshold, this matter is being reported," it said.</p>.<p>The bank will take appropriate steps, including contesting the order through a writ petition/appeal within prescribed timelines, it said. </p>
<p>New Delhi:<a href="https://www.deccanherald.com/search?q=ICICI%20Bank"> ICICI Bank</a> on Thursday said tax authorities have slapped a demand notice of Rs 238 crore on it for alleged short payment of <a href="https://www.deccanherald.com/search?q=GST">GST</a>.</p>.<p>On December 17, the bank has received an order under Section 73 of the <a href="https://www.deccanherald.com/search?q=Maharashtra">Maharashtra</a> Goods and Services Tax (GST) Act, 2017, from the relevant authority, raising a GST demand of Rs 237,90,04,448, comprising Rs 216,27,31,316 in tax and Rs 21,62,73,132 as penalty, along with interest as applicable for the same subject matter, ICICI Bank said in a regulatory.</p>.ICICI Bank pledges Rs 625 crore to set up radiation therapy facilities at Tata Memorial Centre.<p>"While the bank is in litigation (including writ petition) on similar issues raised in orders/SCNs in the past, since the aggregate/cumulative amount involved in the above crosses the materiality threshold, this matter is being reported," it said.</p>.<p>The bank will take appropriate steps, including contesting the order through a writ petition/appeal within prescribed timelines, it said. </p>