Key Points
ICICI Prudential Life Insurance Company Ltd has received a tax demand of Rs 429.05 crore from the Deputy Commissioner of State Tax, Maharashtra..
In a stock filing, ICICI Prudential said the GST demand includes Rs 208.02 crore, Rs 200.22 crore in interest, and Rs 20.80 crore in penalties..
The order, issued under Section 73 of the Maharashtra GST Act, 2017, was communicated to the company on August 26, 2024...
ICICI Prudential stated: "Please be informed that the company has received an order under Section 73 of Maharashtra GST Act, 2017 from Deputy Commissioner of State Tax, Maharashtra State, on August 26, 2024, at 8:19 p.m. for FY2020 (sic)."..
Last month, ICICI Prudential Life reported an 8.7 per cent year-on-year (Y-o-Y) increase in net profit to Rs 225.4 crore in the April-June quarter of FY25 (Q1FY25) owing to a rise in expenses..
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