SBI Life on Thursday said tax authorities have slapped a demand notice of about ₹ 239.27 crore on it for short payment of Goods and Services Tax (GST) for the financial year 2019-20.
The company has received an order for interest and penalty from the Deputy Excise & Taxation Commissioner, Rohtak, Haryana, SBI Life said in a regulatory filing.
The demand notice pertains to the investment/saving portion of the premium and Input Credit ailment, it added.
The authority has raised a demand for GST along with the applicable interest and penalty for FY 2019-2020, it added.
Get the latest news updates and stay informed with FELA NEWS!
