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Bajaj Allianz General Insurance Company Ltd receives tax demand notice for 1010 05 crores

Bajaj Allianz General Insurance Company Ltd receives tax demand notice for 1010 05 crores
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ICICI Lombard stock reacts after company receives GST show cause notice of Rs 1728 crore

After receiving warning from Directorate General of GST Intelligence (DGGI) for failing to pay tax of around Rs 1,728 crore for a period of five years beginning in July 2017 and ending in March 2022, ICICI Lombard General Insurance finished the .

gst: ICICI Lombard, six other insurance companies receive SCN for non-payment of GST on reinsurance premiums since 2017

The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued a notice to ICICI Lombard and six other insurance companies for not paying GST on reinsurance premiums. The notice claims that these companies received commissions from co-insurance companies but did not pay tax on it.

ICICI Lombard gets Rs 1,728 crore GST demand notice from DGGI

In a regulatory filing, ICICI Lombard said it received a show cause cum demand notice from the Directorate General of GST Intelligence, Pune Zonal Unit on September 27, alleging a tax demand of Rs 17,28,86,10,803.

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