ICICI Prudential Life Insurance has received an order dated December 26, 2025, from the Additional Commissioner of CGST and Central Excise, Mumbai, pertaining to Goods and Services Tax (GST) for the financial year FY2019. The order relates to the reversal of input tax credit. The company plans to file an appeal against the order.
GST Order Received
ICICI Prudential Life Insurance has received an order concerning Goods and Services Tax (GST) related matters for the financial year FY2019. The order, received on December 26, 2025 at 4.20 p.m., was issued by the Additional Commissioner of CGST and Central Excise, Mumbai.
Details of the Order
The order pertains to the reversal of input tax credit as per GST Law. The financial implications related to the order are as follows:
- GST: ₹ 57,387,369
- Interest: ₹ 0
- Penalty: ₹ 57,387,369
- Total: ₹ 114,774,738
Company Response
The company intends to file an appeal against the received order with the appropriate authority. The company has declared that the information provided is true, correct, and complete to the best of their knowledge and belief.
Source: BSE
