HDFC Life Insurance Company has received an appeal order confirming a substantial tax demand of approximately ₹3,365 crore (including tax, interest, and penalty). This order, dated September 10, 2026, pertains to a GST order from February 2025. The company states this will not materially impact its financial operations and intends to contest the order further before the GST Appellate Tribunal.
GST Appeal Order Received
HDFC Life Insurance Company Limited has received an Appeal Order from the Commissioner (Appeals-III), CGST & Central Excise, Mumbai, Maharashtra. This order, dated September 10, 2026, confirms the total tax demand, including interest and penalty, that was initially disclosed in a GST Order from February 6, 2025. The original order involved a tax demand of ₹942.18 crore, with applicable interest and a penalty of ₹2,422.97 crore, for the period July 1, 2017, to March 31, 2022.
Company’s Stance and Future Actions
The company has stated that the confirmed tax demand, totaling approximately ₹3,365.15 crore, will have no adverse material impact on its financial operations. HDFC Life Insurance Company Limited intends to contest this Appeal Order further by filing an appeal before the GST Appellate Tribunal. This announcement is for information and appropriate dissemination to stakeholders.
Source: BSE
