LIC Receives Rs 605.5 Crore GST Demand Order for FY20

Last updated: 30 August 2024

Life Insurance Corporation (LIC) of India has been hit with a GST demand and penalty order totalling Rs 605.5 crore for the fiscal year 2019-20 (FY20). In a regulatory filing to the stock exchanges, the leading life insurer disclosed that the order is appealable before the Joint Commissioner of Stat

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