FILE PHOTO: ICICI Prudential | Photo credit: Shaileh Andrade
Prudential Icici Life Insurance said Friday that he received an order from GST COMMISSIER (Appeals) that defends the tax demand of approximately ₹ 3.67 million rupees.
On July 2, 2024, the authorities of the central tax and service tax (CGST) in Mumbai had approved an order in this regard. The Order denied part of the fiscal service of service, which the company migrated to the GST regime in fiscal year 2017-2018, when GST was launched.
Subsequently, the company had presented an appeal before the commissioner (appeals).
In a regulatory presentation, ICICI Prudential said that “the company received an order from the CGST & Central Exise Commissioner (Appeals), Mumbai, on April 17 defends tax demand.”
The order includes the responsibility of GST of ₹ 1.83 million rupees and the fine of an equal amount.
“The company will present an appeal against this order before the appropriate authority,” said ICICI Prudential Life.
Posted on April 18, 2025