ICICI Prudential Life Insurance Company Limited has received an order under Section 73 of Delhi Goods and Service Tax Act, 2017 from the office of Sales tax, Delhi, on April 29, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Difference between ITC availed in GSTR 3B as compared to GSTR 9 and GSTR 2A. Interest liability on reversal of Input tax credit(ITC).

Short payment of taxes in GSTR 9. Availment of Ineligible ITC. The Authority has demanded GST along with applicable interest and penalty for Fiscal Year 2019. GST ?

INR 8,74,74,139. Interest - INR 8,26,63,060. Penalty ?

INR 87,47,413. Total ? INR 17,88,84,612.