ICICI Prudential Life Insurance Company Limited Receives an Order Under Section 74 of Central Goods and Service Tax Act, 2017 from the Office of Additional Commissioner, CGST & Central Excise

ICICI Prudential Life Insurance Company Limited received an order under Section 74 of Central Goods and Service Tax (CGST) Act, 2017 from the office of Additional Commissioner, CGST & Central Excise, Maharashtra, on July 1, 2024. Denial of service tax credit migrated to GST regime. The Authority has demanded GST along with applicable interest and penalty of INR 36,672,711 for the financial year 2017-18.