THE FEDERAL BANK LIMITED The Federal Bank Limited received an Order from Puducherry Goods & Services Tax (GST) Department levying a penalty of INR 42,608/-. The Bank will be filing an appeal against the said Order. Name of the authority: Puducherry Goods & Services Tax Department.
Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: April 20, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Penalty under Section 73(1) of CGST Act, 2017. Impact on financial, operation or other activities of the Bank, quantifiable in monetary terms to the extent possible: INR 42,608.
