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    • 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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