ICICI Prudential Life Insurance Receives Tax Demand Order from Central Goods and Services Tax Authority
ICICI Prudential Life Insurance Company Limited has received an order from the Additional Commissioner (Mumbai Central) concerning a tax demand related to certain outward supply.The order, received on September 9, 2026, at 12.08 pm IST, pertains to the non-payment of tax on certain outward supply. The matter covers the period from July 2017 to September 2019.
The authority from which the communication was received is the Additional Commissioner (Mumbai Central).
The financial implications resulting from the communication have been quantified as follows:
| Financial Head | Amount |
|---|---|
| GST | ₹ 18,764,898 |
| Penalty | ₹ 18,764,898 |
| Total | ₹ 37,529,796 |
The company stated that there is no adverse material impact on the financial operations.
In response to the order, the company has confirmed that it will file an appeal against the said order before the appropriate appellate authority in due course.
ICICIPRULI Stock Price Movement
Edging up in live trading at 12:41 PM, shares of ICICI Prudential Life Insurance Company Limited trade to ₹463.7, rising 0.26% in the current market phase. The stock is showing a recovery, having previously plunged to its 52-week low of ₹455.3, amid a trading volume of 664,182 shares.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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