NEW DELHI: ICICI Prudential Life Insurance coverage on Wednesday stated tax authorities have slapped a requirement discover of Rs 270 crore on it for alleged brief cost of GST for 2017-18.
The Maharashtra Items and Service Tax (GST) authority has demanded GST together with relevant curiosity and penalty for 2017-18 fiscal for reversal of enter tax credit score; distinction in GST legal responsibility filed in GSTR-1 and GSTR-9; mismatch in ITC claimed in GSTR-3B and GSTR-2A; and curiosity on GST cost on proposal deposit.
The whole demand of Rs 269.9 crore contains GST of Rs 119.6 crore, curiosity of Rs 138.3 crore, and penalty of Rs 12 crore. “The corporate shall file an enchantment towards the stated order earlier than the Commissioner (Appeals) inside the prescribed timelines,” ICICI Prudential Life Insurance coverage Firm stated in a BSE submitting
The Maharashtra Items and Service Tax (GST) authority has demanded GST together with relevant curiosity and penalty for 2017-18 fiscal for reversal of enter tax credit score; distinction in GST legal responsibility filed in GSTR-1 and GSTR-9; mismatch in ITC claimed in GSTR-3B and GSTR-2A; and curiosity on GST cost on proposal deposit.
The whole demand of Rs 269.9 crore contains GST of Rs 119.6 crore, curiosity of Rs 138.3 crore, and penalty of Rs 12 crore. “The corporate shall file an enchantment towards the stated order earlier than the Commissioner (Appeals) inside the prescribed timelines,” ICICI Prudential Life Insurance coverage Firm stated in a BSE submitting
