ICICI Pru Life gets GST order of about 16.66 crore for FY2024; to appeal

Regulatory & Legal View source PDF Explain this filing

ICICIPRULI · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-2.3%Reaction day

₹485.30

prior close

₹480.80

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.5%-0.9% vs market

Life Insurance peers, median of 5sector-1.0%-1.4% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Midcap 150 and 1.4 pts less than its Life Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.4

15m

+0.1

30m

-0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.3-1.5-0.9-1.0-1.4

Next day

-2.2-0.2-2.0-0.1-2.1

-3.9-1.5-2.4-1.1-2.8

-5.1-2.3-2.8-2.0-3.1

-3.5+0.0-3.5-1.9-1.6

-0.2+1.5-1.7+1.2-1.4

+3.6+2.4+1.2+1.4+2.2

15d

+0.8+2.3-1.6+0.1+0.7

-1.0+1.3-2.2+0.0-1.0

+3.0+5.5-2.5-1.8+4.7

-3.3+3.8-7.1-5.0+1.7

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

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICICI Prudential Life Insurance received a GST order on June 4, 2026 from the Deputy Commissioner of State Tax, Chhattisgarh, for FY2024. The order cites input tax credit mismatches between GSTR-3B and 2A, ITC reversal issues, and GST liability mismatches. Total demand is about 16.66 crore, including GST of about 10.61 crore, interest of about 3.93 crore, and penalty of about 2.12 crore. The company states no impact at this stage and will file an appeal before the Commissioner (Appeals).

Likely market impact

Moderate tax demand of about 16.66 crore; company to appeal, no material impact claimed at this stage.