Question
How much has been issued as tax demand and Show Cause
Cum Demand Notice to Bajaj Allianz General Insurance Company by the Directorate General of Goods and Services Tax Intelligence (GST) for alleged non-payment of taxes during July 2017 to March 2022?Solution
The Directorate General of Goods and Services Tax Intelligence (GST) has issued a tax demand and Show Cause Cum Demand Notice to Bajaj Allianz General Insurance Company worth Rs 1,010 crore for alleged non-payment of taxes during July 2017 to March 2022. The general insurer has not paid GST on reinsurance premium, despite receiving commissions from co-insurance companies.
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