News From Press Reliance General Insurance gets Rs 922-cr show cause notice by GST authority

Reliance General Insurance gets Rs 922-cr show cause notice by GST authority

Source: ET Oct 9, 2023

Reliance General Insurance Company (RGIC), a unit of Reliance Capital Ltd, on Sunday received received multiple show cause notices, amounting to Rs 922.58 crore, from the Directorate General of GST Intelligence, reported PTI.

The notices relate to the applicability of GST on re-insurance commission and co-insurance premium, as well as availing input tax credit and non-payment of GST on the import of reinsurance services.

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