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Yes Bank has received a tax demand notice of ₹63.26 crore from the Maharashtra Goods and Services Tax (GST) department in connection with the period from July 2017 to June 2018. The bank disclosed that the order was passed by the Commissioner (Appeals) and received on June 5, 2026. According to the filing, the total demand amount includes tax, penalty and applicable interest.
The bank stated that the matter relates to a GST demand along with the levy of penalty and interest. In its regulatory disclosure, Yes Bank said the total demand, including penalty, stands at ₹63,26,98,888. The order pertains to alleged violations identified under GST provisions for the specified assessment period.
Yes Bank said it intends to take appropriate legal steps, including filing an appeal against the order within the prescribed timelines. The bank stated that it believes it has adequate factual and legal grounds to support its position and does not expect any material impact on its financial condition, operations or other business activities as a result of the order.
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