New Delhi, Jan 1 (PTI) Life Insurance Corporation of India (LIC) on Monday said tax authorities have slapped a demand notice of about Rs 806 crore on it for alleged short payment of GST for 2017-18.

LIC has received a communication/demand order on Monday for collection of GST along with interest and penalty for Maharashtra state, the insurer said in a regulatory filing.

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The insurer shall file an appeal before Commissioner (Appeals), Mumbai against the said order within the prescribed timelines, it said.

There is no material impact on financials, operations or other activities of the Corporation, it added.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)