ICICI Lombard General Insurance Company Limited had informed stock exchanges regarding receipt of an order from Directorate of Commercial taxes, Office of the Special Commissioner, Large Taxpayer Unit, Kolkata. The Company had filed an appeal against the said Order. The Company has now received an Order from Additional Commissioner, Large Tax Payer Unit, West Bengal (Appellate Authority) on March 28, 2024 at 3:15 p.m., confirming the GST demand of INR 69,808/-, Interest of INR 71,743/- and Penalty of INR 30,000/-.

The Company would pursue an appeal /evaluate other legal options against the said Order. Order received by the Company under Section 107 of the Central Goods and Services Tax Act, 2017 ("the Act") /West Bengal GST Act, 2017 for the period July 2017 to March 2018.