Question
Reliance General Insurance Company (RGIC), a subsidiary
of Reliance Capital Ltd, has received multiple show cause notices from the Directorate General of GST Intelligence, amounting to_______.Solution
Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital Ltd, has received multiple show cause notices from the Directorate General of GST Intelligence, amounting to Rs 922.58 crore. The company has received four notices from the DGGI demanding GST of Rs 478.84 crore, Rs 359.70 crore, Rs 78.66 crore, and Rs 5.38 crore respectively, on the revenue generated from the services like re-insurance and co-insurance.
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