Home Industry
Industry

Life Insurance Corporation gets Rs 101.95 crore GST demand notice

By admin
0
7
Life Insurance Corporation gets Rs 101.95 crore GST demand notice

Life Insurance Corporation of India (LIC) on Tuesday said that tax authorities have issued a demand notice of Rs 101.95 crore for short payment of Goods and Services Tax (GST) over five financial years.

In a regulatory filing, LIC stated that the notice includes interest and penalties for multiple states, covering the period from 2017-18 to 2021-22. The demand order is appealable before the Commissioner (Appeals), Thane, PTI reported.

Despite the notice, LIC clarified that there is no material impact on its financials, operations or business activities.

(With inputs from PTI)

 » Read More

Previous articleBudget underscores positive outlook on India rating: S&P
Next articleTrai paves way for Rs 18,000-cr 5G spectrum auction
adminhttps://businesstimes.co

Related Articles

Industry

Trai paves way for Rs 18,000-cr 5G spectrum auction

admin - 0
The Telecom Regulatory Authority of India (Trai) has given its go-ahead for the auction of Rs 17,940-crore new 5G spectrum in the 37-40 GHz band in all the 22 circles. The band, which is in the millimetre wave, is crucial for capacity additions by telecom operators and is ideal for high-density areas where high-speed connectivity
Read more
Industry

Life Insurance Corporation gets Rs 101.95 crore GST demand notice

admin - 0
Life Insurance Corporation of India (LIC) on Tuesday said that tax authorities have issued a demand notice of Rs 101.95 crore for short payment of Goods and Services Tax (GST) over five financial years. In a regulatory filing, LIC stated that the notice includes interest and penalties for multiple states, covering the period from 2017-18
Read more
Industry

Budget underscores positive outlook on India rating: S&P

admin - 0
Global rating agency S&P on Tuesday said India’s budget remains in line with its expectation of gradual fiscal consolidation, underscoring its positive outlook for the country’s sovereign credit rating. In the Budget presented on February 1, the central government lowered its fiscal deficit estimate for 2024-25 to 4.8% of GDP from 4.9%. It also budgeted
Read more

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Industry

Trai paves way for Rs 18,000-cr 5G spectrum auction

admin - 0
The Telecom Regulatory Authority of India (Trai) has given its go-ahead for the auction of Rs 17,940-crore new 5G spectrum in the 37-40 GHz band in all the 22 circles. The band, which is in the millimetre wave, is crucial for capacity additions by telecom operators and is ideal for high-density areas where high-speed connectivity
Read more
Industry

Life Insurance Corporation gets Rs 101.95 crore GST demand notice

admin - 0
Life Insurance Corporation of India (LIC) on Tuesday said that tax authorities have issued a demand notice of Rs 101.95 crore for short payment of Goods and Services Tax (GST) over five financial years. In a regulatory filing, LIC stated that the notice includes interest and penalties for multiple states, covering the period from 2017-18
Read more
Industry

Budget underscores positive outlook on India rating: S&P

admin - 0
Global rating agency S&P on Tuesday said India’s budget remains in line with its expectation of gradual fiscal consolidation, underscoring its positive outlook for the country’s sovereign credit rating. In the Budget presented on February 1, the central government lowered its fiscal deficit estimate for 2024-25 to 4.8% of GDP from 4.9%. It also budgeted
Read more
Industry

States lose Rs 91,000-cr under schemes on lower spending capacity

admin - 0
The Centre reduced the outlay on centrally sponsored schemes for the current financial year by a whopping Rs 91,000 crore or 18% of the budget estimate for the schemes due to the discovery of Rs 1.6 lakh crore unspent balances with them from previous transfers, reflecting a lack of absorptive capacity in states. The unintentional
Read more
Money

Quant Mutual Fund to shift focus from defensive to growth and cyclical stocks

admin - 0
In view of the fund’s overarching philosophy of leveraging periods of market pessimism to build positions in high-potential areas, Quant Mutual Fund is keen to move away from defensive exposure in their portfolios towards more cyclical & growth-oriented segments. In a letter to their unit holders, Quant Mutual Fund has written, “In the coming weeks
Read more
Load more
© businesstimes.co