YES BANK Receives Rs 63.27 Cr GST Order

Date: June 06, 2026

GST Order Receipt and Details

YES BANK received an Order-in-Appeal (O-I-A) from the Maharashtra GST department on June 05, 2026
The order was passed by Commissioner (Appeals) under Section 107(11) of the Central Goods and Services Tax Act, 2017 (CGST Act)
The order pertains to the period July 2017 to June 2018
Total demand including penalty: Rs. 63,26,98,888/- (Rupees Sixty Three Crores Twenty Six Lacs Ninety Eight Thousand Eight Hundred And Eighty Eight only)
Breakdown of demand:
Total Tax: Rs. 31,63,49,444/-
Total Penalty: Rs. 31,63,49,444/-

Historical Context

This is an update to previous intimation made to stock exchanges on November 23, 2024
The current order confirms the demand raised vide earlier Order-in-Original (O-I-O) passed by Joint Commissioner, CGST
No new/additional demand has been created in this O-I-A

Bank's Position and Impact Assessment

The Bank believes it has adequate factual and legal grounds to reasonably substantiate its position
At this juncture, the Bank does not expect any material impact on financial, operation or other activities due to the said Order
The Bank will take necessary legal remedy against the order, including filing an appeal within prescribed timelines

Regulatory Compliance

Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Read with Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Information hosted on Bank's website www.yesbank.in pursuant to Listing Regulations

Authority Details

Name of Authority: Maharashtra GST department
Nature of Order: Order under Section 107(11) CGST Act
Alleged Violation: GST demand along with levy of penalty and applicable interest