Tax & Penalty30 Jun 2026, 04:50 pm
HDFC Life contests ₹265.4 Cr GST demand, appeals to Tribunal
AI Summary
HDFC Life Insurance Company Ltd has received an order from the Commissioner (Appeals Thane) confirming a total tax demand of ₹132.7 crore, along with applicable interest and penalty, related to a GST Order from July 2017 to March 2022. This order confirms the demand previously intimated on June 28, 2024. The company stated that this order will not have any adverse material impact on its financial operations and that it will contest the decision by filing an appeal before the GST Appellate Tribunal.
Key Highlights
- HDFC Life faces confirmed GST demand of ₹132.7 crore plus interest and penalty.
- The demand pertains to the period July 2017 to March 2022.
- Company asserts no material adverse financial impact from the order.
- HDFC Life will appeal the order before the GST Appellate Tribunal.
Price Impact
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