ICICI Prudential Life Insurance Company Limited received an order under Section 73 of West Bengal Goods and Service Tax Act, 2017 from the office of Assistant Commissioner, West Bengal, on April 29, 2024. Name of the Authority; Assistant Commissioner, West Bengal. Details of the violation(s)/contravention(s) committed or alleged to be committed; Demand due to mismatch in GST Input Tax Credit as appearing on GST portal (Form
GSTR-2A) vis-a-vis shown in Form GSTR-3B for FY2019. Nature and details of the action(s) taken, initiated or order(s) passed; The Authority has demanded GST along with applicable interest and penalty for FY2019. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: GST - INR 1,183,872. Interest - INR 1,168,530. Penalty - INR 118,387. Total - INR 2,470,789.