ICICI Lombard General Insurance Company Limited is actively pursuing legal recourse following adverse orders from the Commissioner of Customs & Central Tax (Appeals-I), Hyderabad. The company received two conflicting orders on September 1 and 2, 2026, resulting in an aggregate GST demand of ₹3,29,83,282/- and a penalty of ₹14,78,606/- for FY2018-19. The company plans to file appeals or explore other legal options, including a writ petition.
ICICI Lombard Updates on GST Dispute
ICICI Lombard General Insurance Company Limited has provided an update regarding an ongoing Goods and Services Tax (GST) dispute. Following an initial order on April 11, 2024, which involved a GST demand of ₹1,47,86,059/- and a penalty of ₹14,78,606/- for FY2018-19, the company had filed an appeal. The Department had also filed an appeal against a relief of tax demand of ₹1,81,97,223/- previously granted to the company.
Conflicting Appellate Orders
On September 1, 2026, the Company received an order where the Department’s appeal was allowed. Subsequently, on September 2, 2026, another order was received wherein the Company’s appeal was rejected. These combined orders have resulted in an aggregate GST demand of ₹3,29,83,282/- and a penalty of ₹14,78,606/- for the financial year 2018-19.
Next Steps and Legal Recourse
ICICI Lombard has stated that it will pursue an appeal or evaluate other legal options against these unfavorable orders. This includes the potential filing of a writ petition. The detailed requirements of these orders are provided in Annexure 1. The company is committed to resolving this matter through the appropriate legal channels.
Source: BSE
