SBI Life Insurance Company Ltd

📉 SBI Life Insurance Faces GST Tax Demand of ₹5.96 Crore

- GST tax demand: ₹5.96 crore for FY 2019-20

- Interest under Section 50 of CGST Act (amount not specified)

- Penalty: ₹59.94 lakh

- Order issued by Commissioner (Appeals), Bhopal on March 13, 2026

- SBI Life will appeal the order with Competent Authority/Appellate Tribunal

- Company states no material financial impact expected