SBI Life on Thursday said tax authorities have slapped a demand notice of about Rs 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 availment, it added.
The authority has raised a demand for GST along with the applicable interest and penalty for FY 2019-2020, it added.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Featured Video Of The Day
In The Second Leg Of His Two-Nation Trip, PM Modi To Visit Ukraine
How To Submit Life Certificate Through SBI Website And Mobile App In Easy Steps SBI Life Insurance Records 53% Jump In Q2 Profit As Premiums Rise Foreign Investors Fail To Remit Rs 449 Crore For LICs Anchor Book, Domestic Funds Step In Day 1 At Kolkata Hospital After Rape-Murder: Top Court Highlights Anomalies Microplastics Invade Human Brains, Researchers Call For Global Emergency More Than 13 Lakh UP Government Employees May Lose Salaries Over This Order Nestle CEO Mark Schneider To Step Down, Laurent Freixe To Take Over Man Throws Open Plane Emergency Door On Landing, Climbs Over Wing 6-Year-Old Boy Found Alive In Vietnam Forest After 4 Days Track Latest News Live on NDTV.com and get news updates from India and around the world.