Go Digit General Insurance has received a Show Cause Notice (SCN) from the Directorate General of GST Intelligence alleging ineligible input tax credit (ITC) of ₹20,51,00,281 (over ₹20.51 crore). The notice, issued under the GST Act, covers the period from September 2022 to March 2024. The company is currently evaluating the SCN and, with tax advisor guidance, will file a detailed reply and pursue all available legal remedies. No immediate financial impact is anticipated.
GST Authority Issues Show Cause Notice
Go Digit General Insurance Limited has been issued a Show Cause Notice (SCN) by the Directorate General of GST Intelligence (DGGI) on 25th May 2026. The notice alleges ineligible availment of input tax credit (ITC) amounting to ₹20,51,00,281 (Rupees Twenty Crore Fifty-One Lakh Two Hundred Eighty-One only).
Details of the Allegation
The SCN, issued under Section 74(1) of the Central Goods and Services Tax Act, 2017, covers the period from September 2022 to March 2024. The DGGI is seeking to confirm the demand, along with applicable interest and penalties, which are equivalent to the alleged ineligible ITC.
Company’s Response and Financial Impact
Go Digit General Insurance is currently evaluating the SCN and, based on the advice of its tax advisors, plans to submit a detailed reply to the adjudicating authority within the stipulated timelines. The company will also pursue all legal remedies available. At this stage, no immediate financial impact is anticipated for the Company.
Regulatory Disclosure
This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further details regarding the litigation, including the quantum of claims and expected implications, are provided in the accompanying annexures.
Source: BSE
