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An update from SBI Life Insurance Co. Ltd. ( (IN:SBILIFE) ) is now available.
SBI Life Insurance Company Ltd. has announced that it received an order from the Joint Commissioner of CGST & C. Ex. Bhopal regarding alleged violations of the Goods and Services Tax Act. The order pertains to GST charges on income related to ULIP and other charges, non-reversal of ITC on credit notes, and discrepancies in ITC claims. The company plans to appeal the order, which demands a total amount of Rs. 68,76,89,564, including tax, interest, and penalties, impacting its financial operations.
More about SBI Life Insurance Co. Ltd.
SBI Life Insurance Company Ltd. operates in the insurance industry, providing a range of life insurance products and services. The company focuses on offering comprehensive insurance solutions to cater to diverse customer needs in India.
Average Trading Volume: 66,299
Technical Sentiment Signal: Buy
Current Market Cap: 2037.4B INR
For an in-depth examination of SBILIFE stock, go to TipRanks’ Overview page.