Tax demands

Judge's gavel resting on a stack of cash with a scales of justice in the background, on a wooden table.

LIC faces US$11.4m GST exposure over FY2022-23 input tax credit claims

July 31 2026

The order adds to a growing number of GST disputes involving Indian insurers over input tax credit claims.

canara-hsbc-life-insurance-faces-us0-5m-gst-demand-over-input-tax-credit-claims

ICICI Prudential Life faces US$1.7m GST demand over FY2024 filings

June 8 2026

The latest tax demand adds to the insurer’s growing exposure, marking the fifth such order issued since February this year.

ICICI Prudential Life hit with US$535K GST demand over FY2023 discrepancies

June 3 2026

The life insurer plans to challenge the GST demand tied to alleged discrepancies in its filings.

Go Digit receives US$2.1m GST show-cause notice over input tax credit claims

May 26 2026

The tax authority has raised a demand over alleged ineligible input tax credit for the period spanning FY2023 to FY2024.

GIC Re receives US$37.6m income tax demand for FY2024 assessment year

April 15 2026

The demand includes multiple tax additions relating to transfer pricing adjustments, amortisation of investment premium and provisions for doubtful debts.

bombay-high-court-stays-us6-5m-gst-demand-against-icici-lombard

Bombay High Court grants stay on US$6.5m GST demand against ICICI Lombard

March 30 2026

The interim relief for ICICI Lombard halting a 623.6m rupees GST demand comes just as sector-wide tax disputes continue to mount.

lic-faces-us1-1bn-tax-demand-for-fy2023-24

LIC faces US$1.1bn tax demand for FY2024 as industry-wide disputes widen

March 30 2026

LIC has received its second major tax demand in days, as tax disputes against Indian insurers continue to mount.

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