SBI Cards gets GST show cause notice for ₹81.93 crore
SBI Cards and Payment Services received a show-cause notice from Additional Commissioner CGST, Gurugram, proposing to disallow an input tax credit of ₹81.93 crore. The notice, issued on June 30, covers the assessment period from FY18-19 to FY20-21. SBI Cards is asked to show cause within 30 days of the notice as to why the ineligible tax shouldn't be recovered.