News From Press CBIC slaps Rs 942 crore demand notice on HDFC Life Insurance Company

CBIC slaps Rs 942 crore demand notice on HDFC Life Insurance Company

Source: BS Jun 24, 2023

The investigative wing of the Central Board of Indirect Tax and Customs (CBIC) has slapped a show cause-cum-demand notice on HDFC Life Insurance Company for an amount of Rs 942.18 crore.

This notice pertains to charges of wrongly availing the input tax credit without the underlying supply of services.

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​ CBIC slaps Rs 942 crore demand notice on HDFC Life Insurance Company

CBIC slaps Rs 942 crore demand notice on HDFC Life Insurance Company