Date: September 25, 2026
Regulatory Compliance Disclosure
SBI Life Insurance Company Limited has received a tax demand order under Section 74 of the RGST Act 2017 from the Deputy Commissioner, Circle-M.I. Road, Zone-Jaipur I, JC/DC Ward Zone-Jaipur I, Rajasthan (ST).
Tax Demand Details
Type of Communication: Order of tax demand raised under Form GST DRC-07
Date of Receipt: September 25, 2026, at 11:25 am
Issuing Authority: Deputy Commissioner, Circle-M.I. Road, Zone-Jaipur I, JC/DC Ward, Rajasthan (ST)
Reason for Demand: Excess Input Tax Credit claimed in GSTR-3B as compared to GSTR-2B for the period April 2025 to August 2025
Applicable Period: April 2025 to August 2025
Financial Implications
Tax Amount: ₹96,12,911
Interest: ₹7,25,306
Penalty: ₹9,61,291
Total Amount: ₹1,12,99,508
Company Response
The Company shall file an appeal against the said order before the appropriate authority in accordance with the applicable provisions under the Goods and Service Tax Act.
Additional Information
No other relevant information was provided in the disclosure.