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ICICI Prudential Life Insurance faces ₹3.67 crore GST demand with equal penalty, plans to appeal.
ICICI Prudential Life Insurance received an order from the GST Commissioner upholding a tax demand of about ₹3.67 crore.
The order, issued by CGST authorities in Mumbai, denied part of the service tax credit the company had migrated to the GST regime in 2017-2018.
The demand includes a GST liability of over ₹1.83 crore and an equal penalty.
ICICI Prudential plans to appeal the decision.
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ICICI Prudential Life Insurance se enfrenta a una demanda de GST de ₹ 3.67 crores con la misma penalidad, planea apelar.