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    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?┬а
    A Life Insurance Corporation of India Correct Answer Incorrect Answer
    B Max Life Insurance Co. Ltd. Correct Answer Incorrect Answer
    C HDFC Life Insurance Co. Ltd Correct Answer Incorrect Answer
    D ICICI Prudential Life Insurance Co. Ltd Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ┬а 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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