ICICI Prudential Life Insurance Company has received an order related to Goods and Services Tax (GST) for the financial year FY2022. The order, received on December 19, 2025, includes a GST amount of ₹171,107,052 and a penalty of ₹17,110,704, totaling ₹188,217,756. The company intends to file an appeal against the order.
GST Order Details
ICICI Prudential Life Insurance Company has received an order regarding Goods and Services Tax (GST) for the fiscal year FY2022. The order was issued by the Additional Commissioner, Telangana State, and was received on December 19, 2025, at 4:16 p.m.
Financial Implications
The order includes a GST component of ₹171,107,052 and a penalty of ₹17,110,704. The total amount demanded is ₹188,217,756. No interest has been charged.
Company Response
ICICI Prudential Life Insurance Company intends to appeal the order before the Commissioner (Appeals) within the stipulated timelines. The company maintains that the issue pertains to the non-reversal of Input Tax Credit (ITC) as per GST law.
Source: BSE