ICICI Lombard General Insurance Receives Stay Order on GST Demand from Bombay High Court
ICICI Lombard General Insurance Company Limited announced on March 29, 2026, that it has received an order from the Hon'ble Bombay High Court granting a stay on a previous GST demand. The original demand, issued by the Additional Commissioner of CGST & Central Excise, Palghar Commissionerate, totaled ₹ 31,18,41,716, encompassing a GST demand, interest, and penalty for the period July 2017 to March 2024. The demand relates to the applicability of GST on Group Health Insurance and Group Personal Accident policies to units within Special Economic Zones.The company had previously filed a writ petition against the original order. The Bombay High Court’s order provides a stay until the final disposal of the writ petition, and has granted the Revenue four weeks to file a reply. The company has stated that there is no expected financial impact at this stage.
Details of the Order:
| Particulars | Details |
|---|---|
| Name of the listed company | ICICI Lombard General Insurance Company Limited |
| Type of communication received | Order received from the Hon'ble Bombay High Court |
| Date of receipt of communication | March 28, 2026 |
| Authority from whom communication received | Hon'ble Bombay High Court |
| Brief summary of the material contents of the communication received, including reasons for receipt of the communication | Hon'ble Bombay High Court has granted stay on the impugned order till the final disposal of the Writ Petition. The Court has granted four weeks time to the Revenue to file their reply. |
| Period for which communication would be applicable, if stated | July 2017 to March 2024 |
| Expected financial implications on the listed company, if any | No impact at this stage |
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