HDFC Life Insurance faces Rs.3.09 cr demand under GST
HDFC Life Insurance Company Limited received a GST Order on December 13, 2024, from the Assistant Commissioner, CGST & Central Excise, Patna Central Division, Patna.
The Life Insurance Company has received a Tax demand and penalty of Rs.1.54 crore and Rs.1.55 crore respectively.
The GST order relates to the period from July 1, 2017, to March 31, 2021.
The order is issued on the grounds of alleged excess availment of input tax credit due to a mismatch between GSTR3B vs GSTR2A; and alleged short reversal of proportionate input tax credit towards exempt supplies and towards common services attributable to exempted supplies.
