ICICI Lombard has received an order regarding a revised GST demand of ₹87,607,880, along with interest of ₹1,154,037. This relates to the period from April 2018 to March 2021. The company is evaluating further legal options, including pursuing an appeal against the order. The demand also includes a penalty of ₹8,777,337.
Revised GST Demand Received
ICICI Lombard received an order on December 18, 2025, regarding a revised Goods and Services Tax (GST) demand. The revised GST demand amounts to ₹87,607,880. This order follows a previous intimation on May 1, 2024, regarding an initial demand, against which the company had already filed an appeal.
Key Financials and Implications
The received order also includes an interest component of ₹1,154,037. A penalty of ₹8,777,337 has also been imposed. The GST demand is related to the period between April 2018 and March 2021.
Company’s Next Steps
ICICI Lombard is currently evaluating all available legal options. The company may pursue an appeal against the order, or explore other legal strategies, including filing a writ petition.
Source: BSE