General Insurance Corporation of India — Others, 29-07-2025: Action(s) taken or orders passed

The company has received an order from the Commissioner Appeals CGST & Central Excise, Mumbai, demanding a tax liability of Rs. 3.79 crore, including interest and penalty. This follows an earlier larger demand of Rs. 60.02 crore, of which Rs. 56.24 crore was dropped. The order relates to an alleged contravention of tax rules for FY 2017-18. Importantly, the company states there will be no material impact on its financials or operations from this order. The company plans to file an appeal against this demand at the GST tribunal, indicating its intention to contest the matter further.