Question
The investigative wing of the Central Board of Indirect
Tax and Customs (CBIC) has slapped a show cause-cum-demand notice on which Life Insurance Company for an amount of Rs 942.18 crore?Solution
The investigative wing of the Central Board of Indirect Tax and Customs (CBIC) has slapped a show cause-cum-demand notice on HDFC Life Insurance Company for an amount of Rs 942.18 crore. This notice pertains to charges of wrongly availing the input tax credit without the underlying supply of services.
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