Insurance companies are liable to pay ₹20,000 crore for GST violation: DGGI

The Directorate General of GST Intelligence (DGGI) has found insurance companies violating GST rules. Anil Kumar Gupta, Principal DG of DGGI, told CNBC-TV18 that these companies have not been paying GST on services provided to employees in SEZ (Special Economic Zone) units. He clarified that this service is not exempted from GST. Gupta noted that while some insurance companies have been…