Archive · 26 Jun 2025
New India Assurance Faces ₹2,298 Crore GST Demand Notice
The New India Assurance Company has been asked to explain why it owes a large amount of tax to the government.
The government sent a notice saying the company might owe nearly 23 billion rupees in taxes from the years 2018 to 2023.
The company will respond, but they believe they have a good reason why they shouldn't have to pay the tax.
They are working with tax advisors to prepare their reply.
New India Assurance received a GST show cause notice for ₹2,298 crore.
The notice was issued by the Additional Commissioner, Mumbai-South, Maharashtra.
It pertains to the period from April 2018 to March 2023.
The company is required to explain why the GST demand shouldn't be made.
New India Assurance believes it has a strong case on merit.
- Who
- New India Assurance Company Ltd and the Additional Commissioner.
- What
- A show cause notice for a GST demand of ₹2,298 crore.
- When
- The notice was issued on June 26, 2025, and covers the period from April 2018 to March 2023.
- Where
- Mumbai-South, Maharashtra.
- Why
- The notice alleges unpaid or underpaid GST.
Government's View
New India Assurance's View
GST Payment
Government's View
GST Demand of ₹2,298 crore.
New India Assurance's View
The company believes it has a strong case.
- Company
- New India Assurance Company Ltd
- GST Demand
- ₹2,298 crore
- Notice Date
- June 26, 2025
- Period
- April 2018 to March 2023
- Notice Issuer
- Additional Commissioner, Mumbai-South, Maharashtra
