For a better experience, Read this story in our App
TO ENJOY ADDITIONAL BENEFITS
Connect With Us
Get BusinessLine apps on
New India Assurance has received a show cause notice dated June 26, 2025, from the office of Additional Commissioner, Mumbai-South, and Maharashtra state. | Photo Credit: Andrii Yalanskyi
New India Assurance Company Ltd on Thursday said tax authorities have issued a show cause notice with a demand of ₹2,298 crore Goods and Services Tax (GST) for five financial years.
The company has received a show cause notice dated June 26, 2025, from the office of Additional Commissioner, Mumbai-South, and Maharashtra state, New India Assurance Company Ltd said in a regulatory filing.
The notice requires the company to show cause as to why the alleged GST demand of ₹22,98,06,74,252 for the period April 2018 to March 2023 should not be demanded from the insurer, it said.
The company believes that it has a strong case on merit, it added.
Based on the advice of our tax consultants, the company is in the process of filing a detailed reply highlighting the contentions of the company with the Adjudicating Authority within the prescribed timelines, the filing said.
Published on June 27, 2025
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.