SBI Cards and Payment Services (SBICARD) — Announcement

SBI Cards received a GST show cause notice proposing to disallow ₹81.46 crore of input tax credit for FY 2018-19 to 2020-21 due to mismatches in GSTR-2A and GSTR-3B filings and supplies from de-registered vendors. The company disputes the demand, asserts compliance with GST law, and expects the claim to be withdrawn after legal proceedings.

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About SBI Cards and Payment Services Limited (SBICARD)

Financial Services · Finance · Listed on NSE

Market Cap: ₹59,570.5 Cr P/E: 27.5

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