The insurer will pursue a further appeal after an appellate authority confirmed a disputed GST demand and penalty relating to the period between July 2017 and March 2022.
The insurer said the order is not expected to have a material adverse impact on its financial operations at this stage, as it intends to challenge the decision.
The demand includes multiple tax additions relating to transfer pricing adjustments, amortisation of investment premium and provisions for doubtful debts.
