ICICI Prudential Life Insurance receives tax order; plans appeal
ICICI Prudential Life Insurance Company Limited has received an order under Section 74 of the Goods and Service Tax Act, 2017, from the Deputy Commissioner of State Tax, Rajasthan State. The order, re...
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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 tax order and plans to appeal it. while there is a tax demand, the company states no immediate financial impact and intends to challenge the order, making the sentiment neutral.
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ICICI Prudential Life Insurance receives tax order; plans appeal
December 26, 2025, 12:45 PM
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ICICI Prudential Life Insurance Company Limited has received an order under Section 74 of the Goods and Service Tax Act, 2017, from the Deputy Commissioner of State Tax, Rajasthan State. The order, received on December 26, 2025, at 11:31 a.m., pertains to the financial year 2019. The tax demand includes GST of ₹41,13,777, interest of ₹53,06,772, and a penalty of ₹41,13,777, totaling ₹1,35,34,326.
The company has stated that there is no immediate financial impact at this stage. ICICI Prudential Life Insurance plans to file an appeal against this order before the Commissioner (Appeals) within the prescribed timelines.
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