ICICI Lombard Secures Bombay High Court Stay on ₹31.18 Crore GST Demand Order
Published on: March 29, 2026, 9:49 p.m. | Source: scanx.trade
ICICI Lombard General Insurance has obtained a stay order from the Bombay High Court on a ₹31.18 crore GST demand raised by tax authorities. The court granted the stay until final disposal of the company's writ petition and allowed four weeks for Revenue to file their reply. The original demand covers the period from July 2017 to March 2024 and relates to industry-wide issues concerning GST applicability on Group Health Insurance and Group Personal Accident policies for Special Economic Zone units. The company reports no financial impact at this stage.
