LIC Faces ₹57 Crore GST Demand Across Telangana, Maharashtra, Delhi

• Life Insurance Corporation of India Ltd (LIC) received GST demand orders totaling ₹57 crore.
• Demands issued by tax authorities in Telangana, Maharashtra, and Delhi for FY 2021-22.
• Reasons include short payment of tax and wrongly claimed input tax credit.
• LIC plans to appeal the orders, stating no material impact on its operations.
• Individual demands: Telangana ₹1.96 cr, Maharashtra ₹49.16 cr, Delhi ₹6.40 cr.

Why It Matters: LIC to appeal ₹57 crore GST demand from Telangana, Maharashtra, and Delhi.