SBI Life Insurance Company Limited has announced that it has received an order under Section-73 of the SGST and CGST Act 2017 from the Assistant Commissioner / GSTO, Ward 206, Zone 11, Delhi on December 27, 2025. The order partially upholds a tax demand raised under Form GST DRC 07 for the Financial Year 2021-2022. The demand pertains to blocked credit under Section 17(5) of the CGST Act 2017 and Input Tax Credit (ITC) claimed from cancelled dealers, return defaulters, and tax non-payers. The total demand amounts to ₹8,23,334/-, comprising a tax amount of ₹4,64,334/-, interest of ₹3,12,566/-, and a penalty of ₹46,434/-. The company intends to appeal against this order before the Competent Authority/Appellate Tribunal in accordance with the applicable provisions of the Goods and Service Tax Act.