The bank’s position rests on its own assessment of the dispute and earlier decisions by GST authorities. It has pointed to favourable outcomes involving the same issue for FY19 and FY20 as part of the basis for contesting the latest demand.

Those earlier orders are central to the explanation provided by RBL Bank. However, its confidence in the merits of its case should not be read as a resolution of the current notice. The supplied report does not state that the latest demand has been withdrawn or settled.

The report gives the demand amount but does not explain the underlying GST issue or identify the period covered by this notice. It also does not provide a breakdown of the ₹104 crore, so the amounts attributable to tax, interest or any penalty cannot be established from the information available.

There is no stated timeline for a challenge or a decision on the matter. For now, the key distinction is between the demand received by the bank and its stated view that earlier favourable orders support its case.