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Equitas SFB Receives ₹534 Crore GST Show Cause Notice


22 September 2026
Equitas Small Finance Bank Ltd.

Received GST show-cause notice dated Sept 19 for FY23 proposing Rs 533.8 crore demand, including Rs 485.2 crore tax and Rs 48.5 crore penalty, with Rs 479.3 crore from disallowance of exemption on loan interest income. Bank says interest exempt, prior assessments clean, will contest; no crystallised liability.


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