SBI Life Insurance Company Limited — Important, 07-11-2024: General Updates

SBI Life Insurance Company has received an order from the Deputy Commissioner in Chennai regarding alleged violations of GST regulations, related to input tax credit for FY 2020-2021. The company faces a demand totaling ₹30,36,393, which includes a tax amount, interest, and penalty. SBI Life intends to appeal this order to the Competent Authority as per GST provisions.