ICICI Prudential faces GST demand of ₹166.56 crore for FY2024 - A2Z Taxcorp LLP

ICICI Prudential Life Insurance received an order from the Deputy Commissioner of State Tax, Chhattisgarh, upholding a total tax demand of ₹166,560,929 for FY2024. The order, issued under Section 73 of the Goods and Service Act, 2017 on June 4, 2026, cites discrepancies regarding Input Tax Credit ( ITC ) and GST liability. The company has stated that it intends to file an appeal against the o…