Home / Business and Economy / Go Digit Faces ₹169 Crore GST Demand
Go Digit Faces ₹169 Crore GST Demand
7 Mar
Summary
- Go Digit received a GST demand of ₹154.80 crore.
- A penalty of ₹15.48 crore was also imposed.
- The demand covers alleged non-payment of GST from July 2017 to March 2022.
Go Digit General Insurance Ltd announced on March 7, 2026, that it received an order from the Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate. The order confirms a Goods and Services Tax (GST) demand totaling ₹154.80 crore, along with a penalty of ₹15.48 crore and applicable interest.
The aforementioned demand and penalty are related to the period spanning from July 2017 to March 2022. This order follows a re-adjudication process after the Bombay High Court had previously set aside an earlier demand of ₹170.29 crore. The core issue involves alleged non-payment of GST on co-insurance premiums received as a follower and on reinsurance commissions deducted.
Go Digit has stated that this is an industry-wide issue and is currently evaluating legal advice. The company intends to pursue an appeal or other appropriate legal recourse, such as filing a writ petition. At present, Go Digit asserts that the order has no material impact on its operations. The insurer's shares closed at ₹334.35 on the BSE, marking a 3.23% increase.
