'receipt of communication/ demand order for Goods & Service Tax for Tamil Nadu state'
As filed · Life Insurance Corporation of India has informed the Exchange regarding 'receipt of communication/ demand order for Goods & Service Tax for Tamil Nadu state'.
RegulatoryWatchNotablemateriality 67 out of 100
What happened
FactLife Insurance Corporation of India has informed the Exchange regarding 'receipt of communication/ demand order for Goods & Service Tax for Tamil Nadu state'. (“the Corporation”) has received communication/ demand order for Goods & Service Tax, Interest and penalty. GST – INR 11,37,256/-.
Why it matters
CapitSignal interpretationA tax demand is a contingent claim on cash: it either becomes a payment, or an appeal that ties up management attention and often a deposit.
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Fact- Whether the company is appealing
- Amount deposited pending appeal
- Whether it is provided for in the accounts
Evidence
How CapitSignal classified this
- Reasoning:
- TAX_DEMAND base 62; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%