Goods & Service Tax (GST) 1 November 2026
ICICI Bank GST Penalty Slashed to ₹6.95 Lakh After Telangana Appeal
ICICI Bank’s GST penalty in Telangana was reduced to ₹6,954.18 following an appeal filed in the state jurisdiction. The appeal order dated 31 October 2026 confirmed the lower amount, marking a significant reduction from the original fine. The decision came after a detailed review of the bank’s GST filings, where authorities found sufficient grounds to lower the sanction, easing the bank’s financial burden and underscoring the value of timely appeals.
ICICI Bank’s GST penalty in Telangana has been reduced after a successful appeal.
- Original fine: higher amount (unspecified)
- Reduced amount: ₹6,954.18 (≈ ₹6.95 Lakh)
- Appeal order date: 31 Oct 2026
The Telangana authorities reviewed the bank’s GST filings and decided the lower amount was appropriate, providing financial relief. For full details see the ScanX report.
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