General Insurance Corporation of India — Others, 31-01-2025: Action(s) taken or orders passed

General Insurance Corporation of India has received a tax liability order totaling ₹138.47 crore from the Additional Commissioner CGST & Central Excise. Despite this substantial demand, the company reports no material impact on its financials or operations. The demand arises from alleged short payments for the tax periods from July 2017 to March 2019 and April 2020 to March 2021. The corporation plans to appeal the order, which may affect investor sentiment due to the potential for increased legal costs and attention to regulatory compliance, but the overall impact remains neutral.