IDBI Bank disclosed that it has received a GST demand order of Rs 2.97 crore, including interest and penalty, for alleged excess availment of input tax credit (ITC). The order, issued by the Dehradun state tax department for the 2018-19 fiscal year, comprises a tax demand of Rs 1.42 crore, along with interest and penalty of Rs 1.41 crore and Rs 0.14 crore, respectively. The bank stated that it is assessing suitable legal options, including filing an appeal, in accordance with the law.
If an individual has received an Goods and Services (GST) demand order on or before March 31, 2023 then an appeal against that order can be filed under the GST Amnesty Scheme. Know here what is the process, conditions to fulfil before applying and what GST form is to be used for filing an appeal.