Yes Bank has informed that the Bank has received an Order from the Goods and Services Tax (GST) department, Tamil Nadu on July 15, 2024 raising demand for input tax credit (ITC) reversal along with interest and levy of a penalty of Rs 22,79,659/-. This penalty has been imposed in accordance with Section 73 of the Central Goods and Services Tax Act, 2017 (‘CGST Act’) and Tamil Nadu Goods and Services Tax Act, 2017 (‘TNGST Act’). Information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III and the SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, on the above-mentioned penalty issue is enclosed as Annexure A. In compliance of Regulation 46 of the Listing Regulations, the information is being hosted on the Bank's website at www.yesbank.in.
The above information is a part of company’s filings submitted to BSE
