LatestIncome Tax 26 September 2026
Equitas Small Finance Bank Hit with Rs 533 Cr GST Demand
Equitas Small Finance Bank has been served a GST demand notice for Rs 533 crore, a liability that dwarfs its expected FY26 profit after tax by more than five times. The notice raises concerns about the bank’s tax compliance and potential impact on its earnings outlook, prompting analysts to reassess its financial projections.
Key points
- The bank received a GST notice demanding Rs 533 crore, far exceeding its projected FY26 profit after tax.
- The amount is more than five times the expected net earnings, creating pressure on the bank's balance sheet.
- Analysts warn the demand could affect future earnings guidance and may trigger further regulatory scrutiny.
For full details, see the original notice article.
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