New Delhi, Feb 25 (PTI) IndusInd Bank on Tuesday said tax authorities have slapped a demand notice of about Rs 21.62 crore for alleged short payment of GST.

The bank has received a communication/demand order on Tuesday from Deputy Commissioner of State Tax, Ahmedabad, Gujarat for various GST issues, IndusInd Bank said in a regulatory filing.

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The financial impact of the demand is to the extent of Rs 21.62 crore including penalty, it said.

The bank will explore filing of appeal against the order, it said.

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