The New India Assurance Co. Ltd. on Tuesday reported that it received a GST demand notice. (Photographer: Anirudh Saligrama/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The New India Assurance Co. Ltd. on Tuesday reported that it received a Goods And Services Tax (GST) demand notice for Rs 2,379 crore according to an exchange filing from the company. The order was issued by the Additional Commissioner of Central Goods and Services Tax, Palghar Commissionerate.

The authority flagged failure to pay GST on the premium received as a follower in coinsurance business as well as not paying GST on the commission earned on reinsurance premium paid to reinsurance companies as the reasons.

The company stated that this would not impact its financial and operational a

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