ICICI Prudential Life on Monday got a notice from the Directorate General of GST Intelligence(DGGI) for not paying tax of Rs.492.06 crore for a period of five years starting from July 2017 till July 2022.
The Company said in an exchange filing that it has received a show cause cum demand notice (SCN) from the Directorate General of GST Intelligence (DGGI), asking the Company to show cause as to why a tax of Rs. 492,06,48,296/- (Rupees Four Hundred Ninety Two Crores Six Lakhs Forty Eight Thousand Two Hundred Ninety Six only) pertaining to the period July 2017 to July 2022 should not be demanded from the Company.
