ICICI Pru Life gets GST order for FY2022, company to appeal

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ICICIPRULI · price

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Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹650.90

prior close

₹652.10

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.5%+0.7% vs market

Life Insurance peers, median of 5sector-0.4%+0.6% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Midcap 150 and 0.6 pts more than its Life Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Midcap 150Sector · Life Insurance peers, median of 5Pending

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AI summary

ICICI Prudential Life Insurance received a GST order from the Maharashtra Deputy Commissioner of State Tax on Dec 23, 2025 for FY2022 over reversal of input tax credit. Total demand is about Rs 11.24 crore, broken down as GST of Rs 5.65 cr, interest of Rs 5.02 cr, and penalty of Rs 0.57 cr. The company says no impact at this stage and will file an appeal before the Commissioner (Appeals).

Likely market impact

Tax demand of about Rs 11.24 cr being appealed; likely minor impact, no provision needed as per company. Watch appeal outcome.