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flag ICICI Prudential Life Insurance faces ₹3.67 crore GST demand with equal penalty, plans to appeal.

flag ICICI Prudential Life Insurance received an order from the GST Commissioner upholding a tax demand of about ₹3.67 crore. flag 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. flag The demand includes a GST liability of over ₹1.83 crore and an equal penalty. flag ICICI Prudential plans to appeal the decision.

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