ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED ICICI Lombard General Insurance Company Limited received an Order on April 18, 2024 at 11:10 a.m., from the Deputy Commissioner, State Tax Business Audit-II, Zone-III, Jaipur raising a GST demand of INR 7,303,353/-, interest of INR 6,483,017/- and levying penalty of INR 730,335/-. The Company would pursue an appeal with Appellate Authorities/evaluate other legal options against the said Order. Name of the authority: Deputy Commissioner, State Tax Business Audit-II, Zone-III, Jaipur.
Order received by the Company under Section 73 of the Central Goods and Services Tax Act, 2017 ("the Act") /Rajasthan GST Act, 2017 for the period April 2018 to March 2019. Order has imposed demand on computation of input tax credit eligible to the Company.
