RBL Bank gets ₹173 crore GST show-cause notice over ITC claim
RBL Bank received a show-cause notice proposing a GST demand of ₹173.08 crore for alleged wrongful input tax credit (ITC) claims in FY23. The notice includes interest and penalties related to the bank's digital banking business. RBL Bank plans to contest the notice, citing favorable previous orders from GST authorities, and does not expect significant financial impact.