2 weeks Ago By Moneycontrol
Jammu and Kashmir Bank share price fell in Wednesday's trading session after the lender received a whopping Rs 16,000-crore GST notice. The notice includes a GST as well penalty amount. The shares of Jammu and Kashmir Bank Ltd dropped to an intraday low of Rs 99.
26 per share on the NSE, down 3.95 percent. However, later it pared some of its losses and was down to Rs 101.
35, falling 1.94 percent at around 11:50 AM. The bank in a regulatory filing, said "Bank has received a demand dated February 04, 2025 from Joint Commissioner, Central GST Commissionerate, Jammu for GST liability of Rs.
81,30,66,42,768/- (Rupees Eight Thousand One Hundred Thirty Crores Sixty Six Lacs Forty Two Thousand Seven Hundred and Sixty Eight Only) with interest as applicable and penalty of Rs. 81,30,66,42,768/- (Rupees Eight Thousand One Hundred Thirty Crores Sixty Six Lacs Forty Two Thousand Seven Hundred and Sixty Eight Only)." Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management.
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