SBI Life Faces Rs 239 Crore GST Demand
SBI Life received a GST demand notice of Rs 239.27 crore for FY 2019-20, related to short payment on premium and input credit. The company is contesting the demand.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Aug 22 (PTI) SBI Life on Thursday said tax authorities have slapped a demand notice of about Rs 239.27 crore on it for short payment of Goods and Services Tax (GST) for the financial year 2019-20.
The company has received an order for interest and penalty from the Deputy Excise & Taxation Commissioner, Rohtak, Haryana, SBI Life said in a regulatory filing.
The demand notice pertains to the investment/saving portion of the premium and Input Credit availment, it added.
The authority has raised a demand for GST along with the applicable interest and penalty for FY 2019-2020, it added.
The company has received an order for interest and penalty from the Deputy Excise & Taxation Commissioner, Rohtak, Haryana, SBI Life said in a regulatory filing.
The demand notice pertains to the investment/saving portion of the premium and Input Credit availment, it added.
The authority has raised a demand for GST along with the applicable interest and penalty for FY 2019-2020, it added.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone-Idea-L
- 11.65 (+ 3.56)
- 106772451
- Alstone-Textiles
- 0.28 ( -3.45)
- 44187760
- Mangalam-Industrial
- 0.88 ( -2.22)
- 39177573
- Sunshine-Capital
- 0.27 (+ 3.85)
- 35956340
- GMR-Airports
- 104.40 (+ 6.37)
- 30453005
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback