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YES BANK’s Uttar Pradesh GST appeal outcome confirmed a penalty of Rs. 3,02,31,095 for FY 2021-22. The bank received the Order-in-Appeal on June 20, 2026, according to reports of its regulatory disclosure. The penalty is in addition to tax demand and applicable interest.
How much was the penalty reduced?
The original order disclosed by YES BANK in December 2025 imposed a penalty of Rs. 3,30,55,942. The appeal-stage order confirmed a penalty of Rs. 3,02,31,095. The difference between those reported penalty figures is Rs. 28,24,847, calculated by subtraction; it is not a separately reported amount.
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| Procedural stage | Penalty | Other amounts mentioned |
|---|---|---|
| Original order disclosed in December 2025 | Rs. 3,30,55,942 | Tax demand and applicable interest, in addition to the penalty |
| Order-in-Appeal received June 20, 2026 | Rs. 3,02,31,095 | Tax demand and applicable interest, in addition to the penalty |
The original figure comes from YES BANK’s exchange intimation, while the appeal-stage figure is reported by ScanX and ET Now, citing the bank’s disclosure.
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What does the order cover?
The matter concerns YES BANK Limited’s Uttar Pradesh GST assessment for FY 2021-22. Reports describe the Order-in-Appeal as having been passed by the Additional Commissioner (Appeals) under Section 107(11) of the CGST Act. The penalty is described as being under Section 73 of the Central Goods and Services Tax Act, 2017.
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The reported outcome confirms a penalty; it does not establish that the tax demand or applicable interest was cancelled. The available reports do not provide separate amounts for tax and interest, or explain the precise GST issues underlying the dispute. As a result, the overall amount payable cannot be calculated from the disclosed penalty alone.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What does YES BANK plan to do?
As reported, the bank says it believes it has adequate factual and legal grounds to contest the order, does not expect a material impact, and intends to take appropriate legal steps, including an appeal within prescribed timelines. These are the bank’s stated position and assessment, not an independent finding about the case’s merits or financial effect. The reported intention to appeal means the matter should not be treated as settled.
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What remains unclear
- The specific GST issues alleged and which arguments, if any, the appellate authority accepted or rejected are not detailed in the available reporting.
- The separate tax-demand and interest amounts are not stated, so the confirmed penalty is not a complete liability figure.
- The June 2026 appellate outcome is reported by news outlets citing the bank’s filing; the full appellate order or primary disclosure was not available in those reports.
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