YES BANK has received an order from the Uttar Pradesh GST department, dated December 24, 2025, imposing a penalty of ₹3,30,55,942. The penalty relates to certain issues pertaining to FY 2021-22 and includes tax demand and applicable interest. YES BANK will contest the order through appeal within prescribed timelines.
GST Penalty Imposed
YES BANK has received a penalty order from the Goods and Services Tax department in Uttar Pradesh. The penalty, amounting to ₹3,30,55,942, was imposed on December 24, 2025, and is related to issues arising in FY 2021-22.
Details of the Order
The GST department’s order includes the tax demand and applicable interest, in addition to the penalty. The penalty has been imposed in accordance with Section 73 of the Central Goods and Services Tax Act, 2017, and Uttar Pradesh Goods and Services Tax Act, 2017.
Bank’s Response
YES BANK will take appropriate steps to contest the order. This includes appealing the order within the prescribed timelines. The bank believes that it has adequate factual and legal grounds to reasonably substantiate its position in this matter.
Impact Assessment
YES BANK does not expect any material impact on its financial, operational, or other activities as a result of this order. The Bank will take necessary legal remedy against the said order.
Source: BSE
