Life Insurance Corporation of India has received communication/demand order for Goods & Service Tax, Interest and penalty for Uttarakhand State. The order is appealable before the Commissioner (Appeals), Uttarakhand. Name of the authority(s): Assistant Commissioner Dehradun - Sector 7, Uttarakhand.

Nature and details of the action(s): Demand of GST, interest and penalty notice for F.Y. 2018-19: GST - INR 56,184,769/-, Interest - INR 55,830,728/- and Penalty - INR 5,618,477/-. Details of the violation(s)/contravention(s) committed or alleged to be committed: Short Proportionate reversal of Input Tax Credit.