ICICI Lombard Faces Rs 1,728.9 Crore GST Demand Notice
A central law enforcement agency responsible for preventing Goods and Services Tax (GST) revenue leakage has issued ICICI Lombard a show cause and demand notice for allegedly evading Rs 1,728.9 crore in taxes over five years, from July 2017 to March 2022. The notice pertains to non-payment of GST on co-insurance premiums accepted as a…