ICICI Lombard General Insurance Company Limited has received an order dated December 24, 2025, from the Excise and Taxation Officer-cum State Tax Officer, Ludhiana, imposing a Goods and Services Tax (GST) demand of ₹2,20,29,303/-, along with interest of ₹1,48,69,780/- and a penalty of ₹55,07,326/-. This order pertains to the financial year 2021-2022 and was issued under Section 73 of the Central Goods and Services Tax Act, 2017 / Punjab Goods and Services Tax Act, 2017. The demand is reportedly due to reductions in outward liability via credit notes and computations related to input tax credit. The company stated that it would pursue an appeal or evaluate other legal options against the order, including the possibility of filing a writ petition. The information regarding this order will be made available on the company's website.