LIC gets GST demand order of about Rs 3.02 crore plus penalty from Haryana tax authorities

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

-0.5%Reaction day

₹431.30

prior close

₹429.00

announcement price

After-mkt

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.9%+0.5% vs market

Life Insurance peers, median of 5sector+0.4%-0.9% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Midcap 150 and 0.9 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

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.5-0.9+0.5+0.4-0.9

Next day

-0.4-0.1-0.4+0.7-1.1

+0.6+1.1-0.5+1.6-1.0

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15d

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+3.4+2.0+1.3+2.9+0.5

-4.5-3.8-0.7-2.0-2.5

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

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AI summary

LIC has received a demand order from the Additional Commissioner of Central GST, Panchkula, Haryana covering FY 2018-19 to FY 2022-23. The demand is for GST of Rs 3.02 crore, applicable interest, and an equal penalty of Rs 3.02 crore, totalling about Rs 6.03 crore plus interest. The reason cited is short-reversal of common Input Tax Credit under Rule 42. LIC can appeal the order before the Commissioner (Appeals), Panchkula. The company has stated there is no material impact on its financials, operations, or other activities.

Likely market impact

Minor tax demand; company says no material impact on financials. Order is appealable and not final yet.