LIC receives GST demand of about 1.84 crore from Karnataka tax authority

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

-1.2%Reaction day

₹425.05

prior close

₹422.15

announcement price

In-mkt

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.4%-0.7% vs market

Life Insurance peers, median of 5sector-0.3%-0.8% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Midcap 150 and 0.8 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.

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Reaction day

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Next day

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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

LIC received a GST demand order from the Deputy Commissioner, Large Taxpayers Unit, Bengaluru for FY 2021-22. The demand includes GST of about 1.04 crore, interest of about 69.88 lakh, and penalty of about 10.38 lakh, totalling roughly 1.84 crore. The reason cited is excess Input Tax Credit claimed. LIC states there is no material impact on its financials, operations, or other activities. The order is appealable before the Commissioner (Appeals), Karnataka.

Likely market impact

Tax demand is small relative to LIC's overall size. No material impact stated. Order is appealable, so final outcome is pending and unlikely to move the stock.