Shares of SBI Cards and Payment Services are in focus after the firm disclosed a GST show cause notice for alleged wrongful ITC claims worth Rs 81.93 crore for FY19 to FY21. The notice cites mismatches in tax filings and issues with vendors’ GST compliance. SBI Cards asserts its claims are valid and expects a favourable resolution.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets