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Chahat Aggrawal

25th Mar 2025 · SEBI-Registered Analyst

Indusind Bank: Faces ₹30.15 Crore GST Penalty, Plans to Appeal

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INDUSINDBK
has been penalized ₹30.15 crore by the Joint Commissioner of CGST & Central Excise over GST-related issues. The bank plans to appeal the order. This development follows recent discrepancies in its derivatives portfolio and the appointment of Grant Thornton for a forensic review.

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