Jana Small Finance Bank Limited — Others, 26-08-2025: Action(s) taken or orders passed

Jana Small Finance Bank received a tax order from Bengaluru's Central Tax GST authority. The order demands GST of Rs. 14.33 Cr, plus interest, and levies an equal penalty of Rs. 14.33 Cr. This concerns the bank's input tax credit on capital goods from FY2018-19 to FY2022-23, which the authority views as non-compliant. The bank asserts its claim is legally sound, does not expect a material financial impact, and will challenge the order through an appeal. This signals a regulatory challenge for the bank, which it plans to vigorously defend.