ICICI Prudential Life Insurance Receives Tax Appeal Order Regarding FY2018 Demand
ICICI Prudential Life Insurance Company Limited has received an appeal order from the Appellate Authority concerning a tax demand pertaining to the financial year 2018. The communication, dated December 2, 2025, was issued by the Additional Commissioner of State Tax, Appellate Authority, Vijayawada.The matter relates to a common appeal order that partially favors the Company while simultaneously upholding a portion of the tax demand. The demand originated from an investigation into excess Input Tax Credit within GSTR-3B vis-à-vis GSTR-2A for FY2018. A penalty of ₹ 10,000/- was imposed as a result of this communication.
The financial implications and details of the tax matter are summarized below:
| Particulars | Amount (₹) |
|---|---|
| GST Liability | 76,550/- |
| Interest Charged | 78,899/- |
| Penalty Imposed | 10,000/- |
| Total Financial Impact | 1,65,449/- |
The company confirmed receipt of the order and subsequently paid the entire tax liability amounting to ₹ 1,65,449/-. This payment was made without admitting to the allegations raised by the authority.
ICICIPRULI Stock Price Movement
Today, shares of ICICI Prudential Life Insurance Company Limited settled higher in post-market trading, closing at ₹495.95 after gaining 0.65%. The stock traded on a volume of 402,343 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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