Life Insurance Corporation Of India — Important, 01-03-2025: Updates

Life Insurance Corporation of India has received a demand order for Goods and Service Tax (GST), interest, and penalty from the Joint Commissioner in Chennai, Tamil Nadu, related to the financial year 2020-21. The total demand includes GST of ₹144.40 crore, interest as applicable, and a penalty of ₹14.44 crore. While the order is appealable before the Commissioner (Appeals) in Chennai, the corporation states that this demand is not expected to have a material impact on its financials, operations, or other activities. Shareholders should note this development as part of the ongoing operational landscape.