HDFC Life gets Rs 942-crore GST demand notice

HDFC Life Insurance on Friday said it has received a demand notice of more than Rs 942 crore for non-payment of GST. The matter relates to the claiming of input tax credit against supply of services, which the Directorate of Goods and Services Tax (GST) Intelligence (DGGI) believes are ineligible for such claims, it said. "HDFC Life Insurance Company has received a show cause cum demand notice fro…