ICICI Bank GST Demand and AIBEUF’s Appeal to West Bengal CM: Key Details
ICICI Bank has received an order in appeal regarding GST demand. The All India Bank Employees’ Unity Forum has sent a letter seeking intervention. Both communications highlight separate concerns.
Author: V.Gayathri
Published: 12 hours ago
Two separate documents have recently outlined significant developments related to ICICI Bank. The bank issued a disclosure regarding a GST demand raised by the Additional Commissioner of Revenue (Appeals), West Bengal. In another communication, the All India Bank Employees’ Unity Forum (AIBEUF) approached the Chief Minister of West Bengal seeking intervention on issues concerning employee-related matters. The details from both documents present an overview of ongoing processes and concerns.
ICICI Bank’s Disclosure on GST Demand
ICICI Bank disclosed that it received an Order in Appeal under Section 107 of the West Bengal GST Act, 2017. The order raised a demand of ₹49.11 crore, including tax, interest, and penalty, related to GST on services provided to customers maintaining minimum balances. The bank stated that similar issues had previously resulted in show cause notices from tax authorities. ICICI Bank noted its intention to take appropriate steps, including contesting the order through further appeal.
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Image: ICICI Bank’s official disclosure letter regarding GST demand
Source: PSB Punch
AIBEUF’s Letter Seeking Intervention
The All India Bank Employees’ Unity Forum sent a representation to the West Bengal Chief Minister requesting intervention in issues it describes as mass illegal termination, alleged harassment, and GST-related concerns at ICICI Bank. The union highlighted multiple allegations, including labour-related matters, handling of official documents, and financial distress faced by employees. The letter also mentions a demand raised earlier by the West Bengal GST Department.
Image: AIBEUF’s representation to the West Bengal Chief Minister
Issues Highlighted in the Representation
According to the letter submitted by AIBEUF, concerns raised include termination-related matters, staff grievances, and alleged irregularities. The communication also mentions the bank’s scale of operations in the state and its significance as a financial institution. The union has sought government intervention to address the issues listed in its appeal.
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