ICICI Pru Life: GST appeal dismissed, tax demand of about Rs 3.75 crore upheld
ICICIPRULI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts more than Nifty Midcap 150 and 0.9 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
ICICI Prudential Life Insurance received an order on September 9, 2026 from the Additional Commissioner (Mumbai Central) under Section 107 of the CGST Act, dismissing the companys earlier appeal and upholding a tax demand for non-payment of tax on certain outward supplies from July 2017 to September 2019. The total financial implication is about Rs 3.75 crore, split equally between tax and penalty (about Rs 1.88 crore each). The company says there is no material impact on its financial operations and intends to file a further appeal before the appropriate appellate authority.
Minor hit of about Rs 3.75 crore; company plans further appeal. No material impact on financial operations expected.