HDFC Life receives Rs 27 cr GST demand orders for short payment of tax | Company News | Trending Viral hub

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HDFC Life Insurance Company on Thursday said it has received GST demand orders of over Rs 27 crore for alleged underpayment of tax.

In two separate regulatory filings, the insurer said it has received tax demand orders of over Rs 16.5 crore and Rs 10.5 crore from authorities for alleged underpayment of GST and mismatch in credit claims. for taxes paid.

Demand orders also include interest and penalties.

The company said it will file appeals against the GST enforcement orders before the Appellate Authority.

Shares of HDFC Life rose 1.27 per cent to Rs 634.20 apiece on the BSE.

(Only the title and image of this report may have been modified by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First published: March 29, 2024 | 00:26 IS

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