LIC gets GST demand order with interest & penalty worth ₹183 cr for Telangana

The Life Insurance Company (LIC) on Monday received a GST demand order with interest and penalty worth Rs 183 crore for Telangana.

"Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received communication/ demand order for collection of GST along with interest and penalty for Telangana state. The said order is appealable before Appellate Joint Commissioner (ST), Hyderabad Rural Division," the company said in an exchanges filing.

The company however clarified that there has not been any material impact on financials, operations or other activities.


More details awaited.