Kotak Mahindra Bank fined ₹1.26 Crore for GST non-compliance
Kotak Mahindra Bank Limited (KOTAKBANK) has received an order from the Deputy Commissioner of State Tax, Business Audit Wing, Rajasthan, levying a total of ₹2,32,57,258. This includes ₹1,26,74,257 tow...
Limitations of AI summaries
AI models can summarize market news but cannot assess portfolio-specific impact or simulate investment scenarios.
Platforms like Prysm provide stock-level and portfolio-level analysis.
Why is Kotak Mahindra Bank Limited in the news today?
Kotak Mahindra Bank Limited (KOTAKBANK) is in the news due to the bank has been levied a significant amount in gst, interest, and penalty, which is a negative development.
AI-Powered Summary
Market Context
Top Queries
More News
Explore Prysm Tools
Related Stories
Kotak Mahindra Bank fined ₹1.26 Crore for GST non-compliance
December 31, 2025, 12:32 PM
Top Queries to Ask About Kotak Mahindra Bank Limited
More Details on This News
Kotak Mahindra Bank Limited (KOTAKBANK) has received an order from the Deputy Commissioner of State Tax, Business Audit Wing, Rajasthan, levying a total of ₹2,32,57,258. This includes ₹1,26,74,257 towards Goods and Services Tax (GST), ₹93,15,576 as interest, and a penalty of ₹12,67,425. The demand arises from the disallowance of input tax credit availed during the financial year 2021-22. The bank received this information on December 31, 2025, at 3:21 p.m. (IST). Kotak Mahindra Bank believes it has strong grounds to appeal the order and intends to file an appeal under applicable laws. The bank stated that the impact of this order would be limited to the levy payable.
This intimation is also available on the bank's website under the investor relations section.
See What Deep Dive Gives You — in Seconds
“what happens when you click
Deep Dive “
“what happens when you click Deep Dive “
Instant AI Summary - “Get clean, noise-free earnings breakdowns.”
PDF Insights - “Download detailed, AI-generated reports.”
Metrics Explained -“Key ratios & trends explained in simple language.”
Want to know if this news pushes your stock up or down?
Just tap
