ICICI Prudential Life Insurance receives GST order in Maharashtra
ICICI Prudential Life Insurance receives GST order from Additional Commissioner of CGST and Central Exercise, Maharashtra
New Delhi: ICICI Prudential Life Insurance Company Limited has received an order under Section 74 of Goods and Service Act, 2017 from Additional Commissioner of CGST and Central Excise, Maharashtra on December 26, 2025 for FY2019.
The Company has received an order upholding tax demand raised under Form GST DRC 07. A total of Rs 114.7 crore of penalty has been imposed.
The Company shall file an appeal against the said order before the Commissioner (Appeals) within the prescribed timelines.
ICICI Prudential Life is engaged in life insurance and asset management business. In 2016, the company became the first insurance company in India to be listed in the domestic stock exchanges.
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