Go Digit receives fresh Rs 15 crore GST show cause notice

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Insurance startup rel=”dofollow” href=”https://economictimes.indiatimes.com/go-digit-general-insurance-ltd/stocks/companyid-2079718.cms” target=”_blank”>Go Digit General Insurance has received a demand-cum-show cause notice from the goods and services tax (GST) authority seeking around Rs 15 crore in unpaid taxes, along with applicable interest and penalties.

In a stock exchange filing on Wednesday, the Fairfax-backed company said the demand amounts to Rs 14.99 crore, with interest and a potential penalty of up to 25% of the disputed amount also applicable.

The notice, issued by the Office of the Commissioner, CGST Audit-I, New Delhi, was dated September 22. It cites provisions under…



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Go Digit receives fresh Rs 15 crore GST show cause notice



Insurance startup rel=”dofollow” href=”https://economictimes.indiatimes.com/go-digit-general-insurance-ltd/stocks/companyid-2079718.cms” target=”_blank”>Go Digit General Insurance has received a demand-cum-show cause notice from the goods and services tax (GST) authority seeking around Rs 15 crore in unpaid taxes, along with applicable interest and penalties.

In a stock exchange filing on Wednesday, the Fairfax-backed company said the demand amounts to Rs 14.99 crore, with interest and a potential penalty of up to 25% of the disputed amount also applicable.

The notice, issued by the Office of the Commissioner, CGST Audit-I, New Delhi, was dated September 22. It cites provisions under…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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