ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED ICICI Prudential Life Insurance Company Limited received an order under Section 73 of Bihar Goods and Service Tax Act, 2017 from the office of Assistant Commissioner, Bihar, on April 29, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed; Demand on account of excess availment of Input Tax Credit through GSTR-3B as compared to Table 8A of GSTR-9 for fiscal year 2019. 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 fiscal year 2019.
Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: GST - INR 9,380,496. Interest - Not quantified. Penalty - INR 938,049.
Total - INR 10,318,545 plus Interest.
