ICICI Prudential Life Insurance Company Limited received an order under Section 73 of Maharashtra Goods and Service Tax Act, 2017 from the office of Deputy Commissioner of State Tax, Maharashtra, on April 29, 2024. Name of the Authority; Deputy Commissioner of State Tax, Maharashtra. Details of the violation(s)/contravention(s) committed or alleged to be committed; 1) Reversal of Input tax credit as per GST Law 2) Mismatch in ITC claimed in GSTR -3B, GSTR-9 and GSTR 2A 3) Non-payment of tax on sale of fixed assets 4) Interest on GST payment on proposal deposit.

Nature and details of the action(s) taken, initiated or order(s) passed; The Authority has demanded GST along with applicable interest and penalty for FY2019. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible; GST; INR 3,80,06,83,408, Interest; INR 4,16,68,96,852, Penalty; INR 38,01,97,918, Total; INR 8,34,77,78,178.