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The New India Assurance Company Limited (NIACL) has disclosed receipt of two orders from Goods and Services Tax (GST) authorities. The first order, received on December 29, 2025, pertains to the period April 2018 to March 2023. In this case, the Joint Commissioner CGST & C. Ex., Mumbai South, dropped a demand of ₹2187.94 crore but confirmed a tax demand of ₹110.11 crore along with applicable interest and penalty. The company is challenging this order before the First Appellate Authority, believing it has a strong case.

The second order, also received on December 29, 2025, was issued by the Assistant Commissioner, New Delhi, for the financial year April 2021 to March 2022. This order confirmed a demand of ₹69.17 crore, including tax, interest, and penalty. NIACL is also in the process of challenging this order before the First Appellate Authority, based on the advice of its tax consultants.

The company has stated that there is no immediate impact on its financial, operational, or other activities due to the receipt of these orders. NIACL maintains that it has strong grounds to defend itself on merits in both cases.