SBI Life has received an order under Section 73 of the BGST and CGST Act 2017 from the Deputy Commissioner of State Tax, Patna Special Central, Bihar on December 22, 2025. The order pertains to input credit availed on the Blocked credit with a total amount due of ₹10,65,183. The company intends to file an appeal against the order.
GST Order Details
SBI Life Insurance Company has received a GST order on December 22, 2025 from the Deputy Commissioner of State Tax in Patna, Bihar. The order was issued under Section 73 of the BGST and CGST Act 2017.
Violation Details
The order relates to input credit claimed on the Blocked credit, specifically under Section 17(5) of the CGST Act.
Financial Impact
The total financial implication of the order amounts to ₹10,65,183, which includes:
- Tax Amount: ₹6,19,497
- Interest: ₹3,80,989
- Penalty: ₹64,697
Company Response
SBI Life intends to file an appeal with the Competent Authority/ Appellate Tribunal against this order, adhering to the provisions of the Goods and Services Tax Act.
Source: BSE