CORPORATE
New India Assurance Company slapped with GST notice of Rs 2,298 crore
- IBJ Bureau
- Jun 27, 2025
New India Assurance Company has said that tax authorities have issued a show-cause notice with a demand of Rs 2,298 crore Goods and Services Tax (GST) for five financial years.
The company has received the show-cause notice, dated June 26, 2025, from the Office of Additional Commissioner, Mumbai-South, and Maharashtra State, New India Assurance Company has said in a regulatory filing.
The notice requires the company to show cause as to why the alleged GST demand of Rs 22,98,06,74,252 for the period of April 2018 to March 2023 should not be demanded from the insurer, it has added.
The company believes that it has a strong case on merit. Based on the advice of its tax consultants, the company is in the process of filing a detailed reply, highlighting its contentions with the adjudicating authority within the prescribed timelines, the filing has added.
Report By
View Reporter News