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An update from Go Digit General Insurance Limited ( (IN:GODIGIT) ) is now available.
Go Digit General Insurance has disclosed that the Commissioner of GST & Central Excise, Chennai South Commissionerate has re-affirmed a goods and services tax demand of about Rs. 154.8 crore, along with a penalty of roughly Rs. 15.5 crore and interest, covering the period from July 2017 to March 2022. The dispute, described by the company as part of an industry-wide issue, had earlier seen the Bombay High Court set aside the original demand and remit the case for fresh adjudication, and Go Digit now plans to evaluate legal options, including an appeal or writ petition, which could influence its tax liabilities and potentially set a precedent for other insurers facing similar claims.
More about Go Digit General Insurance Limited
Go Digit General Insurance Limited is a general insurer based in Pune, offering a range of non-life insurance products across retail and commercial segments. The company operates under the regulatory framework of the Insurance Regulatory and Development Authority of India and is listed on Indian stock exchanges, positioning it within the broader financial services and insurance industry.
Average Trading Volume: 24,147
Technical Sentiment Signal: Sell
Current Market Cap: 299.4B INR
See more data about GODIGIT stock on TipRanks’ Stock Analysis page.