HDFC Life Appeal Order Upholds ₹3,365 Crore GST Tax-Penalty Demand

Commissioner (Appeals) on Sept 10, 2026 upheld Feb 2025 GST order covering July 2017-March 2022 demanding Rs 942.18cr tax plus interest and Rs 2,422.97cr penalty. Company says no material adverse impact and will appeal to GST Appellate Tribunal. Context: adverse appeal outcome breaking prior no-provision history.