SBI Life Insurance Company Limited has informed the Exchange about General Updates
SBILIFE · price
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Awaiting price reaction for this filing.
SBI Life Insurance has received a GST order from the Deputy Commissioner (ST) -III, Large Tax Payers Unit, Chennai, on December 29, 2025. The order partially upholds a tax demand related to reversal of Input Tax Credit (ITC) under Section 17(5) of the CGST Act for FY 2021-2022. The total financial implication is Rs. 70.88 lakhs, comprising tax of Rs. 40.15 lakhs, interest of Rs. 26.71 lakhs, and penalty of Rs. 4.01 lakhs. The company has stated it will file an appeal before the appropriate appellate authority against this order.
The financial impact is minor (under Rs. 1 crore) relative to SBI Life's overall scale, and the company intends to appeal. This is unlikely to materially affect shareholders or the stock price, though investors should track the outcome of the appeal.