ICICI Prudential Life Insurance faces ₹18.8 Crore GST demand order for FY22
ICICI Prudential Life Insurance Company Limited has received an order under Section 73 of the Goods and Service Tax (GST) Act, 2017, from the Additional Commissioner, Telangana State, on December 19, ...
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Why is ICICI Prudential Life Insurance Company Limited in the news today?
ICICI Prudential Life Insurance Company Limited (ICICIPRULI) is in the news due to the company has received a significant gst demand order and penalty, which is a negative development. although an appeal is planned, the initial order represents a financial liability.
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ICICI Prudential Life Insurance faces ₹18.8 Crore GST demand order for FY22
December 20, 2025, 05:45 AM
ICICI Prudential Life Insurance Company Limited has received an order under Section 73 of the Goods and Service Tax (GST) Act, 2017, from the Additional Commissioner, Telangana State, on December 19, 2025. The order pertains to the financial year 2022 and concerns the non-reversal of Input Tax Credit (ITC) as per GST law.
The total demand raised amounts to ₹188,217,756. This includes a GST demand of ₹171,107,052 and a penalty of ₹17,110,704. No interest has been levied.
The company has stated that it will file an appeal against this order before the Commissioner (Appeals) within the prescribed timelines.
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