The company has received a GST show cause cum demand notice for Rs 492 crore. The matter "relates to an industry-wide issue of input tax credit," and the company believes it has availed of eligible input GST credit in compliance. It has deposited Rs 190 crore without accepting any liability.
View: GST department is sending notices to insurance companies firstly they sent notice to HDFC Life and now ICICI Pru. Whether Max Life, SBI life also get??