Life Insurance Corporation of India ("the Corporation") has received communication/demand order for Goods & Service Tax, Interest and penalty for Karnataka State. The order is appealable before the Joint Commissioner of Commercial Taxes (Appeals), Karnataka. Name of the authority(s): Deputy Commissioner, Commercial Taxes, DGSTO-5, Bengaluru, Karnataka; Nature and details of the action(s): Demand of GST, interest and penalty notice for F.Y. 2018-19: GST ­ INR 6,99,729/-; Interest ­ INR 7,45,212/- and Penalty - INR 69,972/-.

Date of receipt of communication from the authority is March 04, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Availment of ITC on Blocked Credits u/s 17(5) of CGST Act, 2017.