HDFC Life Insurance Company on Thursday said it has received GST demand orders of over Rs 27 crore for alleged short payment of taxes.
In two separate regulatory filings, the insurer said it has received tax demand orders of over Rs 16.5 crore and Rs 10.5 crore from authorities for alleged short payment of GST and input tax credit claim mismatch.
The demand orders include interest and penalty as well.
The company said it will file appeals against the GST demand orders before the Appellate Authority.
Shares of HDFC Life settled 1.27 per cent higher at Rs 634.20 apiece on the BSE.
Disclaimer:-
The opinions presented are exclusively those of the author and CA Guruji Classes. The material in this piece is intended purely for informational purposes and for individual, non-commercial consumption. It does not constitute expert guidance or an endorsement by any organization. The author, the organization, and its associates are not liable for any form of loss or harm resulting from the information in this article, nor for any decisions made based on it. Furthermore, no segment of this article or newsletter should be employed for any intention unless granted in written form, and we maintain the legal right to address any unauthorized utilization of our article or newsletter.
Pooja Gupta
CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience.
Educator and Digital Creator
