Quick Summary
ICICI Prudential Life Insurance Company Ltd disclosed on Tuesday, April 9, 2024, that it has been served with a Goods and Services Tax (GST) demand order amounting to Rs 20.50 crore for the financial year 2018-19. The demand, issued under Section 73 of the GGST Act, 2017, originated from the office of the State Tax Officer in Gujarat. The demand order, received at 3:32 p.m., April 9, 2024, cited a variance in GST Input Tax Credit as documented on the GST portal (Form GSTR-2A) in compariso
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FAQ :
ICICI Prudential Life Insurance faces a Goods and Services Tax (GST) demand order amounting to Rs 20.50 crore.
The GST demand is for the financial year 2018-19.
The demand order was issued by the State Tax Officer in Gujarat.
The demand is due to a variance in GST Input Tax Credit as documented on the GST portal (Form GSTR-2A) compared to what was declared in Form GSTR-9 for FY 2019.
ICICI Prudential has lodged an appeal before the Commissioner (Appeals) within the stipulated timelines.
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