LIC gets Rs 806-crore GST demand notice
Admin
Jan 5, 2024 11:33
74
Life Insurance Corporation of India (LIC) on Monday said tax authorities have slapped a demand notice of about Rs 806 crore on it for alleged short payment of GST for 2017-18.
LIC has received a communication/demand order on Monday for collection of GST along with interest and penalty for Maharashtra state, the insurer said in a regulatory filing.
The insurer shall file an appeal before Commissioner (Appeals), Mumbai against the said order within the prescribed timelines, it said.
