ICICI Lombard General Insurance Company Limited announced that on March 7, 2024 at 7:14 p.m., the Company has received an Order from the Superintendent of Central GST & Central Excise, Range Gandhi Maidan, Patna, Bihar raising a GST demand of INR 142,709 and levying penalty of INR 14,271 with Interest u/s 50 of the Act. The Company will be filing an appeal against the said Order. Order received by the Company under Section 73(9) of the Central Goods and Services Tax Act, 2017 (the Act) /Bihar GST Act, 2017 for the period April 2018 to March 2019 (FY 2018-19).

Order has imposed demand on alleged undischarged tax liability due to differences between returns filed by the Company.