Go Digit General Insurance told the stock exchanges it has received a demand-cum-show cause notice from the Office of the Commissioner, CGST Audit-I, New Delhi. The notice, dated September 22, was received by email on Tuesday. It sought Rs 15 crore in goods and services tax, with interest and a penalty that may apply.
The Bengaluru-headquartered company, which went public last year, said it will file a detailed reply with facts, figures and justification within the prescribed timelines, along with evidence to substantiate its tax position.
Digit added the claim is under contention and that there is no immediate impact on its financials, operations or other activities.
Source #TOI
