Bajaj Allianz gets Rs 1,010 crore GST demand notice ...Middle East

New Delhi: Bajaj Allianz General Insurance Company Limited (BAGIC) has received a show-cause notice from the Directorate General of GST Intelligence alleging tax demand of Rs 1010 crore. Bajaj Finserv said that Bajaj Allianz General Insurance Company, an unlisted material subsidiary of the company, has received a show-cause cum demand notice from the Directorate General of GST Intelligence, Pune Zonal Unit, under Section 73(1) of the Central Goods and Services Tax Act, 2017 (the Act) on 29 September alleging a tax demand of Rs 1010,05,80,540. “The alleged demand and the impugned show-cause cum demand notice pertains to non-payment of GST on the co-insurance premium accepted as follower in c

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