<p>New Delhi: <a href="https://www.deccanherald.com/tags/lic">Life Insurance Corporation of India (LIC)</a> on Thursday said tax authorities have slapped a demand notice of about Rs 605.58 crore on it for short payment of Goods and Services Tax (GST) for financial year 2019-20.</p>.<p>The corporation has received a communication/demand order for interest and penalty for Maharashtra, LIC said in a regulatory filing.</p>.Zomato gets Rs 4.59 crore tax demand notices.<p>The order is appealable before the Joint Commissioner of State tax (Appeals), Mumbai, it said.</p>.<p>The matter pertains to wrong availment and short reversal of Input Tax Credit (ITC) and interest on late payments, it said.</p>.<p>LIC received a GST notice of Rs 294 crore with interest of Rs 281 crore and a penalty of Rs 29 crore from the Deputy Commissioner of State Tax, Mumbai.</p>.<p>There is no material impact on financials, operations or other activities of the insurance behemoth, it added. </p>
<p>New Delhi: <a href="https://www.deccanherald.com/tags/lic">Life Insurance Corporation of India (LIC)</a> on Thursday said tax authorities have slapped a demand notice of about Rs 605.58 crore on it for short payment of Goods and Services Tax (GST) for financial year 2019-20.</p>.<p>The corporation has received a communication/demand order for interest and penalty for Maharashtra, LIC said in a regulatory filing.</p>.Zomato gets Rs 4.59 crore tax demand notices.<p>The order is appealable before the Joint Commissioner of State tax (Appeals), Mumbai, it said.</p>.<p>The matter pertains to wrong availment and short reversal of Input Tax Credit (ITC) and interest on late payments, it said.</p>.<p>LIC received a GST notice of Rs 294 crore with interest of Rs 281 crore and a penalty of Rs 29 crore from the Deputy Commissioner of State Tax, Mumbai.</p>.<p>There is no material impact on financials, operations or other activities of the insurance behemoth, it added. </p>