Tax & Penalty11 Sept 2026, 08:20 pm
HDFC Life: GST Appeal Order Confirms ₹3,365 Cr Demand
AI Summary
HDFC Life Insurance Company Ltd has received an Appeal Order from the Commissioner (Appeals-III), CGST & Central Excise, Mumbai, confirming a total tax demand of Rs 942.18 crore, along with applicable interest and a penalty of Rs 2,422.97 crore. This order pertains to the period July 1, 2017, to March 31, 2022. The company stated that this order will not have any adverse material impact on its financial operations and intends to contest it further by filing an appeal before the GST Appellate Tribunal.
Key Highlights
- GST appeal order confirms total demand of ₹3,365.15 crore.
- Demand includes tax, interest, and penalty for July 2017-March 2022.
- Company states no adverse material financial impact.
- HDFC Life will appeal the order at the GST Appellate Tribunal.
Price Impact
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