A flood of notices and the looming workload before tribunals

There are reports that GST authorities issued notices totalling Rs 1.45 lakh crore in the month of December 2023 alone. This could possibly be because of the time limit to issue these notices for the financial year 2017-18. Insurance companies have received notices demanding large amounts of GST. LIC has received a notice for Rs 37,000 crore, ICICI Lombard for Rs 3,000 crore, Reliance General Insu…