Jammu and Kashmir Bank receives GST notice of over Rs 16,000 crore Jammu and Kashmir Bank (J&K Bank) announced on Wednesday that it has received a Goods and Services Tax (GST) notice amounting to over Rs 16,000 crore. Of this, Rs 8,130.66 crore pertains to the GST demand, with an equal amount imposed as a penalty, issued by the joint commissioner of the central GST commissionerate in Jammu. The bank has stated that it has taken appropriate legal action in the matter, as it believes that it has a strong…
Read MoreJ&K Bank Receives Rs 16,000 Crore GST Notice; Legal Action Underway
