Demand order for GST, Interest and penalty for Jharkhand State
As filed · Life Insurance Corporation Of India has informed the Exchange about demand order for GST, Interest and penalty for Jharkhand State.
RegulatoryDeterioratingNotablemateriality 67 out of 100
What happened
FactLife Insurance Corporation of India has received a demand order for Goods & Service Tax, interest, and penalty from the Additional Commissioner Central GST & Central Excise, Jamshedpur, related to the financial year 2022-23. The total demand amounts to approximately INR 99.09 crore for GST and INR 9.90 crore for penalty, with interest applicable. The corporation states that there is no material impact on its financials, operations, or other activities.