Life Insurance Corporation of India has received communication/demand order for Goods & Service Tax, Interest and penalty for Assam State. The order is appealable before the Commissioner (Appeals), Assam. Name of the authority(s): Assistant Commissioner of State Tax, Guwahati, Assam.

Nature and details of the action(s): Demand of GST, interest and penalty notice for F.Y. 2018-2019: GST - INR 175,266,197/- Interest - INR 176,149,731/- Penalty - INR 17,526,620/-. Date of receipt of communication from the authority: May 13, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Excess Input Tax Credit Claimed and Short Reversal of Input Tax Credit.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. None - There is no material impact on financials, operations or other activities of the Corporation.