
LIC receives GST demand notice of ₹479.88 crore for short payment in FY21
The Life Insurance Corporation of India (LIC) announced on Thursday that it received a demand notice amounting to Rs 479.88 crore for short payment of Goods and Services Tax (GST) for the financial year 2020-21. The communication, which includes interest and penalty, was issued by the Deputy Commissioner of State Tax, Mumbai, on February 27,…