Legal13 Nov 2026, 06:55 pm
Federal Bank Wins GST Appeal, ₹14.95 Lakh Penalty Set Aside
AI Summary
Federal Bank Ltd has successfully appealed a penalty of ₹14,95,166.98 imposed by the Central GST Authority, Amritsar. The Additional Commissioner (Appeals), Central GST, Punjab, set aside the original GST order and the associated tax demand and penalty. This ruling disposes of the appeal, with no quantifiable monetary impact on the bank's financial or operational activities.
Key Highlights
- Federal Bank's appeal against GST order allowed.
- Original GST order and penalty of ₹14,95,166.98 set aside.
- No quantifiable monetary impact on the bank.
- Appeal disposed off by the appellate authority.
Price Impact
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