Announced Fri, 4 Jul · 16:17 IST
The Jammu & Kashmir Bank Limited has informed the Exchange about GST Demand
Regulatory & Legal View source PDF
J&KBANK · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Jammu & Kashmir Bank has informed the stock exchange that it has received a GST demand from tax authorities. The specific amount and details of the demand have not been disclosed in the headline. The bank will need to respond to or contest this demand as per GST regulations. The financial impact will depend on the quantum of the demand and whether it is upheld.
Likely market impact
A GST demand could result in a one-time financial outflow for the bank if upheld, potentially affecting short-term profitability. Until the exact amount is disclosed, the impact on the stock remains uncertain.