New Delhi, Jan 1 (PTI) Life Insurance Corporation of India (LIC) on Monday said tax authorities have slapped a demand notice of about Rs 806 crore on it for alleged short payment of GST for 2017-18.
LIC has received a communication/demand order on Monday for collection of GST along with interest and penalty for Maharashtra state, the insurer said in a regulatory filing.
Also Read | Sale of Government Bonds: RBI To Auction Govt Bonds Worth Rs 34,000 Crore on January 5.
The insurer shall file an appeal before Commissioner (Appeals), Mumbai against the said order within the prescribed timelines, it said.
There is no material impact on financials, operations or other activities of the Corporation, it added.
Also Read | Hemant Soren’s Wife Kalpana Soren May Take Over As Jharkhand CM if He’s Arrested, Claims BJP MP Nishikant Dubey.
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
