LIC GST Order

Tag: LIC GST Order

"LIC Hit with ₹478 Crore GST Demand Notice – Here’s What It Means for Investors!"

2025-02-27 Niranjan

The Life Insurance Corporation of India (LIC) has received a ₹478.4 crore GST demand notice from the Deputy Commissioner of State Tax, Mumbai for the financial year 2020-21. The notice includes ₹242.3 crore in GST, ₹213.4 crore in interest, and ₹22.4 crore in penalties, citing wrong availment of ITC, interest on late payments, and short payment of tax liability.

"LIC Hit with ₹478 Crore GST Demand Notice – Here’s What It Means for Investors!"

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