SBI Cards Receives GST Show Cause Notice for Rs 81.93 Crore ITC Disallowance

SBI Cards has received a GST show-cause notice for ₹81.93 crore related to an alleged Input Tax Credit (ITC) disallowance. The notice suggests that the company may have wrongly claimed ITC on certain procurements, leading to a demand for repayment with penalties. This development underscores the heightened scrutiny by GST authorities on ITC claims, a common area of dispute. The notice initiates a formal proceeding where SBI Cards will need to present its case and justify the ITC availed. This case highlights the ongoing challenges businesses face in navigating the complex ITC regulations under GST and the significant financial implications of non-compliance.