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SBI Life Insurance Co. Ltd. ( (IN:SBILIFE) ) has provided an update.
SBI Life Insurance has disclosed that it received an order under Section 73 of the Bihar Goods and Services Tax (BGST) and Central Goods and Services Tax (CGST) Acts, 2017 from the Deputy Commissioner of State Tax, Patna Special Central, Bihar, on 22 December 2025. The order relates to input tax credit allegedly availed on blocked credits under Section 17(5) of the CGST Act for FY 2021-22, resulting in a demand for goods and services tax, interest and penalty totaling Rs 10.65 lakh. The company has stated it will challenge the order by filing an appeal before the competent authority or appellate tribunal under the GST framework, indicating it is actively contesting the tax demand while complying with disclosure requirements for listed entities.
More about SBI Life Insurance Co. Ltd.
SBI Life Insurance Company Ltd. is a leading Indian life insurer offering a range of life insurance and protection products to retail and corporate customers. The company operates in the highly regulated insurance and financial services sector under the oversight of the Insurance Regulatory and Development Authority of India (IRDAI), with a strong presence across the country through multiple distribution channels.
Average Trading Volume: 61,353
Technical Sentiment Signal: Buy
Current Market Cap: 2033.1B INR
See more insights into SBILIFE stock on TipRanks’ Stock Analysis page.