Archive · 31 Dec 2025
Max, LIC Face GST Demands
Two big companies, Max Healthcare and LIC, got notices from the government saying they owe money for something called GST.
Max Healthcare has to pay around ₹55 crore, which includes the GST, some extra money for being late, and a fine.
LIC has to pay about ₹57.52 crore across three states for similar reasons.
Max Healthcare's stock price went down a little, but LIC's stock price went up.
Both companies plan to argue against these notices.
The government says the companies didn't pay enough taxes or claimed too much back, but the companies think they might not owe as much as the government says.
Max Healthcare received a GST demand notice from Delhi authorities totaling ₹55.20 crore, including GST, interest, and penalty.
LIC received GST demand orders across Telangana, Maharashtra, and Delhi totaling approximately ₹57.52 crore.
Max Healthcare's shares ended at ₹1,046.60, down by 1.64% on the BSE.
LIC's shares ended at ₹855.10, up by 5.85% on the BSE.
Both companies plan to file appeals against the GST demands.
- Who
- Max Healthcare Institute Ltd and Life Insurance Corporation of India Ltd
- What
- Received GST demand notices
- When
- December 30-31, 2025
- Where
- Delhi, Telangana, and Maharashtra
- Why
- Alleged short payment of tax and wrongly claimed input tax credit
LIC's Stance
Government's Stance
Appeal Process
LIC's Stance
LIC plans to file appeals against the GST demands in all three states within the prescribed timelines.
Government's Stance
Government authorities have issued the demands and are awaiting responses from LIC.
Financial Impact
LIC's Stance
LIC states that the financial impact is limited to GST, interest, and penalty, with no material impact on operations.
Government's Stance
Government authorities have calculated the financial implications based on their assessments.
- Max Healthcare GST Demand
- ₹33.66 crore
- Max Healthcare Interest
- ₹18.18 crore
- Max Healthcare Penalty
- ₹3.37 crore
- Max Healthcare Total Financial Implication
- ₹55.20 crore
- Max Healthcare Stock Price Change
- ₹1,046.60 (down ₹17.50 or 1.64%)
- LIC Telangana GST Demand
- ₹1.78 crore
- LIC Telangana Penalty
- ₹0.18 crore
- LIC Telangana Total Demand
- ₹1.96 crore
- LIC Maharashtra GST Demand
- ₹36.17 crore
- LIC Maharashtra Interest
- ₹6.33 crore
- LIC Maharashtra Penalty
- ₹6.65 crore
- LIC Maharashtra Total Demand
- ₹49.16 crore
- LIC Delhi GST Demand
- ₹3.61 crore
- LIC Delhi Interest
- ₹2.43 crore
- LIC Delhi Penalty
- ₹0.36 crore
- LIC Delhi Total Demand
- ₹6.40 crore
- LIC Cumulative Demand
- ₹57.52 crore
- LIC Stock Price Change
- ₹855.10 (up ₹0.69 or 5.85%)
