LIC Appeals GST Demand in Uttarakhand
By Rediff Money Desk, New Delhi Nov 12, 2024 17:43
Life Insurance Corporation (LIC) has challenged a GST demand of Rs 20.18 lakh by the Uttarakhand tax administration, appealing the order before the state's GST Commissioner.
![LIC Appeals GST Demand in Uttarakhand](https://im.rediff.com/money/2022/feb/26lic.jpg?fr=money)
New Delhi, Nov 12 (PTI) Life Insurance Corporation (LIC) on Tuesday said it has filed an appeal before the Uttarakhand GST Commissioner against a demand of Rs 20.18 lakh in taxes, penalty and interest.
The Uttarakhand tax administration had served an order dated August 14 on the public sector insurance company demanding GST pertaining to 2019-20 fiscal.
"Appeal has been filed against the order demanding GST of Rs 7,00,351 for FY 2019-20 along with interest of Rs 8,77,302 and penalty of Rs 4,40,859," LIC said in a regulatory filing.
Shares of LIC settled 0.32 per cent higher at Rs 921.45 apiece on the BSE.
The Uttarakhand tax administration had served an order dated August 14 on the public sector insurance company demanding GST pertaining to 2019-20 fiscal.
"Appeal has been filed against the order demanding GST of Rs 7,00,351 for FY 2019-20 along with interest of Rs 8,77,302 and penalty of Rs 4,40,859," LIC said in a regulatory filing.
Shares of LIC settled 0.32 per cent higher at Rs 921.45 apiece on the BSE.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Guj. Toolroom Lt
- 2.34 ( -4.88)
- 40248832
- Vodafone Idea L
- 8.29 ( -0.12)
- 14828982
- AvanceTechnologies
- 0.70 (+ 7.69)
- 8228836
- G G Engineering
- 1.08 (+ 2.86)
- 5503106
- Spicejet Ltd.
- 44.48 (+ 2.18)
- 4890836
MORE NEWS
![Air India Expands...](https://im.rediff.com/80-80/news/2020/sep/30lufthansa.jpg)
Air India Expands Codeshare with Lufthansa...
Air India has expanded its codeshare partnership with Lufthansa Group, offering 60 new...
![UP Budget...](https://im.rediff.com/80-80/money/2016/feb/24budget-suresh3.jpg)
UP Budget 2025-26: Rs 8.09 Lakh Crore Outlay
Uttar Pradesh Finance Minister Suresh Kumar Khanna presented a Rs 8.09 lakh crore...
![UP Budget...](https://im.rediff.com/80-80/news/2024/jul/12budget.gif)
UP Budget 2025-26: Rs 8.09 Lakh Cr Allocated,...
Uttar Pradesh Finance Minister Suresh Kumar Khanna presented a Rs 8.09 lakh crore...