ICICI Lombard General Insurance Company Limited Receives an Order from Deputy Commissioner, Office of Deputy Commissioner, Circle - I, Jaipur - III, Rajasthan
April 09, 2024 at 02:00 am EDT
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ICICI Lombard General Insurance Company Limited received an Order on April 8, 2024 from Deputy Commissioner, Office of Deputy Commissioner, Circle - I, Jaipur - III, Rajasthan, raising a GST demand of INR 2,307,154/-, Interest of INR 2,491,728/- and levying penalty of INR 230,714. The Company would pursue an appeal with Appellate Authorities /evaluate other legal options against the said Order. Order has imposed demand on alleged undischarged tax liability due to differences between returns filed by the Company.
ICICI Lombard General Insurance Company Limited is an India-based general insurance company. The Company offers a comprehensive and diversified range of products through multiple distribution channels, including motor, health, crop, fire, personal accident, marine, engineering, and liability insurance. Its segments include Fire, Marine, Health including Personal Accident, Miscellaneous, Crop Insurance and Motor. Its Health including Personal Accident segment includes health retail, health group corporate and health government business. Its Miscellaneous segment includes miscellaneous retail and miscellaneous group corporate business. Its motor insurance includes car insurance, bike insurance and motor floater. Its health insurance includes Health AdvantEdge, MaxProtect, health booster, personal protect, Arogya Sanjeevani Policy, Saral Suraksha Bima and others. Its other insurances include crop insurance, NRI insurance, cyber insurance, ICICI Bharat Griha Raksha Policy and others.
ICICI Lombard General Insurance Company Limited Receives an Order from Deputy Commissioner, Office of Deputy Commissioner, Circle - I, Jaipur - III, Rajasthan