UCO Bank Share Price in Focus as GST Demand Reduced from ₹1,473.48 Crore to ₹4.86 Crore

UCO Bank share price is expected to remain in focus after the bank received significant relief in a GST-related matter, with the appellate authority substantially reducing the tax demand raised against it. 

Appellate Authority Provides Major GST Relief 

The bank informed exchanges that the appeal filed before the Office of the Commissioner of GST & Central Excise (Appeals-I), Mumbai, has been disposed of in its favour.  

Following the order, the GST demand against the bank has been reduced sharply from ₹1,473.48 crore to ₹4.86 crore, along with applicable interest and penalties under the CGST Act, 2017.  

Background Of the Tax Dispute 

The matter relates to a GST demand order earlier issued by the Additional Commissioner, CGST, Mumbai South Commissionerate.  

The bank had previously disclosed the development to exchanges in February 2025 and subsequently challenged the order through the appellate process. 

Bank Evaluating Further Course of Action 

UCO Bank stated that it is currently reviewing the appellate order and assessing the next steps required in the matter.  

The order was dated April 24, 2026, and was received by the bank on May 4, 2026. 

Potential Financial Impact 

The sharp reduction in the disputed tax liability significantly lowers the potential financial burden on the bank compared to the original demand. 

Such developments are generally viewed positively as they reduce legal uncertainty and contingent liabilities linked to tax disputes.  

Read More: Aavas Financiers Q4FY26 Results: AUM grows 15% YoY; Net Profit rises 14% in FY26! 

UCO Bank Share Price Performance 

As of 05 May 2026, at 3:30 PM, UCO Bank share price closed at ₹26.51 per share, reflecting a decline of 0.45% from the previous closing price. 

Conclusion 

The appellate ruling marks a major relief for UCO Bank, substantially lowering the GST demand and easing a significant regulatory overhang on the bank. 

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