New Delhi, March 7 Go Digit General Insurance on Saturday said it has received a demand notice of approximately Rs 170 crore for short payment of Goods and Services Tax (GST) for nearly five years.
The company received a copy of the order from the Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate on March 6, confirming a GST demand of Rs 154.80 crore, including a penalty of Rs 15.48 crore and interest under Section 50 of the CGST Act, 2017, for the period from July 2017 to March 2022, the insurer said in a regulatory filing.
The company is currently evaluating legal advice on the implications and will file an appeal, it said.
