NSEGeneral Updates31 Jul 2026 · 31 Jul 2026, 07:25 pm

General Updates

Life Insurance Corporation Of India · LICI

✦ AI SummaryRegulatory

Life Insurance Corporation Of India has received a communication/demand order for GST, interest, and penalty for Uttar Pradesh State for FY 2018-19, 2019-20, and 2020-21, totaling INR 95,23,84,119, which is appealable before the GST Appellate Tribunal.

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Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Life Insurance Corporation Of India has informed the Exchange about communication order for GST, Interest and Penalty for Uttar Pradesh State.

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LIC_BOARD_31072026192507_GST_Allahabad.pdf

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pRef. No.: LIC/SE/2026-27/75 Date: July 31, 2026 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, Floor, Plot C/1, Dalal Street, G Block, Bandra Kurla Complex, Mumbai-400001 Mumbai-400051 Scrip Code: LICI Scrip Code: 543526 Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to Regulation 30 of the Listing Regulations, it is to inform that the Life Insurance Corporation of India (“the Corporation”) has received a communication/ demand order for Goods & Service Tax, Interest and Penalty for Uttar Pradesh State. The order is appealable before the GST Appellate Tribunal. The details as required under Regulation 30 of the Listing Regulations are as below: Name of the authority(s) Commissioner Appeals CGST & Central Excise, Allahabad Demand of GST, interest and penalty for F.Y. 2018-19, Nature and details of the action(s) 2019-20, 2020-21 GST – INR 95,23,84,119/- Interest – As Applicable Penalty - INR 95,23,84,119/- Date of receipt of communication from the July 31, 2026 authority Details of the violation(s)/contravention(s) Excess ITC claimed and Short Tax paid committed or alleged to be committed Impact on financial, operation or other The financial impact of the demand is to the extent of the activities of the listed entity, quantifiable in GST, Interest and Penalty. There is no material impact on monetary terms to the extent possible. financials, operations or other activities of the Corporation. Please take the above information on record and arrange for dissemination. A copy of this intimation is also being made available on the website of the Corporation at www.licindia.in. Yours faithfully, For Life Insurance Corporation of India (Anshul Kumar Singh) Company Secretary & Compliance Officer