SBI Life Insurance has received a tax demand of ₹1.13 crore from GST authorities, attributed to excess Input Tax Credit (ITC) claims filed during the period April 2025 to August 2025.

The order was issued by the Deputy Commissioner, Circle-M.I. Road, Zone-Jaipur I, Rajasthan, on September 25, 2026. The demand arises from discrepancies identified between ITC claimed in GSTR-3B and GSTR-2B filings.

Tax demand breakdown

The total liability comprises the base tax amount, interest, and penalty. The following table details the financial implications as disclosed in the company's filing:

Company response and regulatory context

SBI Life Insurance stated that it shall file an appeal before the Competent Authority or Appellate Tribunal against the said order in accordance with applicable provisions of the Goods and Service Tax Act. The communication was made under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SBI Life Insurance shares worth ₹22.27 crore changed hands on BSE in a large-trade signal, with approximately 1,24,993 shares transacting at a price of ₹1,782.00 per share.

This is a real-time large-trade signal, not a confirmed block or bulk deal. NSE/BSE publish official block and bulk deal reports only after market close — this trade may or may not appear there.

Trade details at a glance

The following table summarises the key parameters of the flagged activity:

What was flagged

The signal reflects a cluster of trades in SBI Life Insurance shares printed within a short window at or near ₹1,782.00, with a combined size and speed sufficient to trigger the large-trade scanner. No buyer, seller, broker, or client identity is known at this stage, as such disclosures are made only by the exchange after market close.

What this is, and isn't: this reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by our real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal has to be executed in the exchange's dedicated window (8:45–9:00am or 2:05–2:20pm), within a set price band, and above the current minimum order size (₹25 crore). A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30pm — never before. If this trade qualifies as either, it will appear in the exchange's own report later today, not here first.