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New India Assurance has received a show cause notice dated June 26, 2025, from the office of Additional Commissioner, Mumbai-South, and Maharashtra state.
| Photo Credit:
Andrii Yalanskyi
New India Assurance Company Ltd on Thursday said tax authorities have issued a show cause notice with a demand of ₹2,298 crore Goods and Services Tax (GST) for five financial years.
The company has received a show cause notice dated June 26, 2025, from the office of Additional Commissioner, Mumbai-South, and Maharashtra state, New India Assurance Company Ltd said in a regulatory filing.
The notice requires the company to show cause as to why the alleged GST demand of ₹22,98,06,74,252 for the period April 2018 to March 2023 should not be demanded from the insurer, it said.
The company believes that it has a strong case on merit, it added.
Based on the advice of our tax consultants, the company is in the process of filing a detailed reply highlighting the contentions of the company with the Adjudicating Authority within the prescribed timelines, the filing said.
Published on June 27, 2025
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