Go Digit General Insurance gets Bombay HC relief on GST demand

After ICICI Lombard General Insurance, the Bombay High Court has set aside a Rs 170.29 crore GST demand against Prem Watsa invested Go Digit General Insurance and ordered the tax department to reconsider the case. An assessment was raised by the Chennai South GST & Central Excise Commissionerate for Rs 154.8 crore as tax dues and Rs 15.48 crore as penalties, relating to events that occurred between July 2017 and March 2022. The court has instructed the GST department to carry out this new review within three months.