- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
HDFC Life has received a GST order related to the erstwhile Exide Life Insurance Company, involving a tax demand of ₹96.18 crore, interest of ₹79.59 crore, and a penalty of ₹10 lakh for the period from April 1, 2020, to March 31, 2021. The allegations stem from excess availment of input tax credit due to discrepancies between GSTR3B and GSTR2A. The company asserts that the order will not materially affect its financial operations and plans to contest it by appealing to the Appellate Authority. Investors should note the company's proactive stance in addressing this issue while maintaining a positive outlook on its operational stability.