The Life Insurance Corporation of India (LIC) has received a demand order from the Sales Tax Officer Class II, Delhi, concerning Goods & Service Tax (GST), including interest and penalties. The order, issued on August 20, 2024, pertains to alleged under-declaration of output tax and excess claims of Input Tax Credit (ITC) for the Delhi state.
According to the exchange filing, LIC has received demand for FY19-20. The GST demand is of Rs 29,60,396, Interest of Rs 23,09,110 and…
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LIC receives GST demand order from Delhi Tax Authority
