Question

Which bank paid a fine amount Rs 38 crore to the GST department?
A.IDBI Bank
B.Axis Bank
C.Yes Bank
D.Kotak Mahindra Bank

Answer 1

yes bank paid Rs 38 crore to GST

Answer 2

Answer:

Yes Bank paid a fine amount Rs. 38 crore to the GST department.

Mediocre-sized private region lender Yes Bank has paid Rs. 38 crore in fines to the GST department for alleged violations in domestic remittances. Over Rs. 32 crore has been paid to the GST department, at the same time as Rs. 6 crore has been paid in carrier tax which has been replaced by means of GST. the problem relates to remittances by way of migrants from urban wallet to their houses in rural regions. The tax department feels the bank has violated norms and underpaid the tax, even as the bank feels the alternative.