HDFC Life has obtained tax demand orders of over Rs 16.5 crore and Rs 10.5 crore for alleged brief cost of GST and ITC declare mismatch.
The demand orders embody curiosity and penalty as nicely; HDFC Life Insurance coverage Firm says it’ll file appeals in opposition to the GST demand orders earlier than the Appellate Authority
HDFC Life Insurance coverage Firm on Thursday mentioned it has obtained GST demand orders of over Rs 27 crore for alleged brief cost of taxes. In two separate regulatory filings, the insurer mentioned it has obtained tax demand orders of over Rs 16.5 crore and Rs 10.5 crore from authorities for alleged brief cost of GST and enter tax credit score declare mismatch.
The demand orders embody curiosity and penalty as nicely. The corporate mentioned it’ll file appeals in opposition to the GST demand orders earlier than the Appellate Authority.
Shares of HDFC Life settled 1.27 per cent increased at Rs 634.20 apiece on the BSE.
