LIC Housing Finance faces ₹92 Lakh GST and Penalty Demand in Jharkhand
LIC Housing Finance Limited (LICHSGFIN) has received a communication regarding a demand for Goods & Services Tax (GST) and penalty from the Deputy Commissioner of CGST & CE, Ranchi South Division, Jha...
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Why is LIC Housing Finance Limited in the news today?
LIC Housing Finance Limited (LICHSGFIN) is in the news due to the company has received a demand for gst and penalty, which is a negative financial event.
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LIC Housing Finance faces ₹92 Lakh GST and Penalty Demand in Jharkhand
December 29, 2025, 12:33 PM
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LIC Housing Finance Limited (LICHSGFIN) has received a communication regarding a demand for Goods & Services Tax (GST) and penalty from the Deputy Commissioner of CGST & CE, Ranchi South Division, Jharkhand. This demand pertains to the financial years 2018-19 to 2022-23.
The total GST demand amounts to ₹43,65,487.00, and the penalty demanded is ₹48,39,993.00, both clubbed for the specified years. The company received this communication on December 29, 2025, at 11:56 AM.
The alleged violations include the determination of tax not paid or short paid, and excess availment of Input Tax Credit (ITC). LIC Housing Finance Limited has stated that the order is appealable before the Commissioner (Appeals), Ranchi, Jharkhand. The company clarified that the financial impact is limited to the GST and penalty amount, with no material impact expected on its operations or other activities.
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