Bandhan Bank has received a demand order under Section 73 of the CGST Act, 2017, from the Deputy Commissioner, Range-2, Gujarat, related to GST matters. The order alleges excess/ineligible Input Tax Credit availed/utilized and non-payment of GST, with a total impact of ₹2,99,96,684 for FY 2021-22. The bank is evaluating legal remedies. The order was received on December 26, 2025.
Details of the GST Order
Bandhan Bank has been notified of a demand order issued by the Deputy Commissioner, Range-2, Gujarat. The order, received on December 26, 2025, pertains to alleged discrepancies related to the Goods and Services Tax (GST).
Financial Impact
The total financial implication of the order is ₹2,99,96,684, which includes:
* Tax: ₹1,68,93,674* Interest: ₹1,14,13,643* Penalty: ₹16,89,367
Basis of the Order
The demand order is based on the contention of excess or ineligible Input Tax Credit availed or utilized and non-payment of GST on certain incomes by the bank for the financial year 2021-22.
Bank’s Response
Bandhan Bank is currently reviewing the order and is preparing to take necessary legal steps, including filing an appeal with a higher authority. The bank believes that the order will not have a material impact on its financials, operations, or other activities.
Source: BSE
