Mumbai: ICICI Prudential Life Insurance Company Ltd on Wednesday said it has received an order from the Assistant Commissioner, Delhi, under the Goods and Services Tax (GST) law, raising a total demand of ₹85.2 crore for FY2021-22.
The order, received on December 23, 2025, upholds a tax demand involving reversal of input tax credit under GST provisions. The total exposure comprises GST of ₹47.91 crore, interest of ₹32.49 crore and a penalty of ₹4.79 crore, the company said in a regulatory filing.
ICICI Prudential Life clarified that it plans to file an appeal against the order before the appropriate appellate authority within the prescribed timelines. The disclosure was made under Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.
The insurer did not indicate any immediate impact on operations, but said it will pursue legal remedies available under the GST framework. Such tax disputes are common in the financial services sector, particularly around the interpretation and eligibility of input tax credits.
Shares of ICICI Prudential Life Insurance were trading in a narrow range following the disclosure, with investors awaiting further clarity on the outcome of the appeal process.