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Go Digit General Insurance on Saturday said it has received notification of a demand worth around Rs 170 crore for short payment of goods and services tax (GST) for nearly five years. The company received an application copy from the office of the Commissioner of GST and Central Excise, South Chennai Commissioner on March 6, confirming a GST demand of Rs 154.80 crore and imposition of penalty of Rs 15.48 crore and interest u/s 50 of the CGST Act, 2017 for the period from July 2017 to March 2022, the insurer said in a regulatory filing. She added that the company is evaluating legal advice on the ramifications and will file an appeal.
