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State-owned insurer Life Insurance Corporation of India (LIC) on Thursday (February 27) said it has received a goods and services tax (GST) demand order from the Deputy Commissioner of State Tax, Mumbai, for the financial year 2020-21. The total demand, including GST, interest, and penalty, amounts to ₹479.88 crore.
Life Insurance Corporation of India (LIC) announced on Monday that it has received a demand notice of approximately Rs 57.2 crore from the tax authorities for excess Input Tax Credit (ITC) availed during the financial year 2020-21. The communication, issued by the Assistant Commissioner in Delhi, addresses the alleged excess ITC claimed by the company.
A prominent life insurance employees’ federation on Saturday said it will launch a nationwide campaign to press for its demands, including withdrawal of GST on insurance premiums and no further hike in foreign direct investment in the sector. Addressing a conference of the All India Life Insurance Employees’ Federation (AINLIEF), general secretary V Narasimhan said it will be approaching MPs from all political parties to voice support for the demands.
Life Insurance Corp. of India has filed an appeal with the GST Appellate Authority in Maharashtra against a goods and services tax demand order of Rs 530 crore, which includes interest and penalty, according to an exchange filing on Wednesday.
Life Insurance Corporation of India (LIC) said it has filed an appeal before the GST Appellate Authority, Tamil Nadu, against an Order demanding GST of ₹104.90 crore for FY 2019-20.
Life Insurance Corporation of India has filed an appeal before the Commissioner (Appeals), Karnataka State against the order issued by the Deputy Commissioner, Karnataka, according to the exchange filing.
Life Insurance Corporation of India Ltd. has been hit with penalties totalling Rs 230 crore from the Goods and Services Tax authorities in Telangana and Tamil Nadu, according to exchange filings on Friday.
LIC on Thursday got a GST notice of Rs 294 crore and a penalty of Rs 29.4 crore from the Deputy Commissioner of State Tax, Mumbai for wrong availment and short reversal of ITC & Interest on late payments, said the company in a stock exchange filing for FY20.
Life Insurance Corp. has received a demand notice of Rs 3,529 crore from the tax authorities in Mumbai. The notice…
Life Insurance Corporation of India (LIC) on January 3 said tax authorities have slapped a demand notice of about Rs 663.45…