New Delhi, Feb 25 (PTI) IndusInd Bank on Tuesday said tax authorities have slapped a demand notice of about Rs 21.62 crore for alleged short payment of GST.

The bank has received a communication/demand order on Tuesday from Deputy Commissioner of State Tax, Ahmedabad, Gujarat for various GST issues, IndusInd Bank said in a regulatory filing.

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The financial impact of the demand is to the extent of Rs 21.62 crore including penalty, it said.

The bank will explore filing of appeal against the order, it said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)