Go Digit General Insurance Limited , a prominent player in the Indian insurance sector, has recently come under regulatory scrutiny. The company has disclosed that it has received a Goods and Services Tax (GST) notice amounting to ₹11.66 crore from the tax authorities.

Details of the GST Notice

According to a regulatory filing by Go Digit General Insurance, the company received a Show Cause Notice (SCN) on September 25, 2025, at 3:42 PM. The notice was issued by the Directorate General of GST Intelligence, Mumbai Zonal Unit, under Regulation 74(1) of the Central Goods and Services Tax Act, 2017, read with Section 20 of the Integrated Goods and Services Tax Act, 2017.

The GST Authority has raised a total demand of ₹11,65,75,990, along with applicable interest and penalties. This substantial sum has put the spotlight on the company's tax compliance practices.

Company's Response

In response to this development, Go Digit General Insurance has stated that it plans to file a detailed reply to the Show Cause Notice. The company intends to present facts, figures, and justifications to the GST Authority within the prescribed timelines. Go Digit aims to substantiate its tax position with the required evidence.

Financial Impact

Despite the significant amount involved in the GST notice, Go Digit General Insurance has assured stakeholders that there will be no immediate financial impact on the company. In its statement, the company emphasized that the notice would not affect its current financial position, operations, or other activities.

Next Steps

The insurance provider is expected to engage with the tax authorities to address the issues raised in the SCN. The outcome of this process will be closely watched by investors and industry observers alike, as it could have implications for the company's financial statements in the future.

Go Digit General Insurance Limited has made this disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Go Digit General Insurance reports that India is considering an increase in motor third-party insurance premiums, a move that could have significant implications for vehicle owners across the country. This potential change in insurance policy is drawing attention from both consumers and industry stakeholders.

Potential Impact on Vehicle Owners

The proposed premium hike would affect a wide range of vehicle owners, as third-party insurance coverage is mandatory in India. This type of insurance protects vehicle owners from financial liability in case their vehicle causes damage or injury to a third party.

Mandatory Coverage Under Scrutiny

Third-party motor insurance is a legal requirement for all vehicle owners in India. The consideration to increase premiums for this mandatory coverage suggests that authorities may be reassessing the current pricing structure to better align with risk factors or market conditions.

Implications for Insurance Industry

If implemented, the premium increase could have ripple effects throughout the insurance sector:

• Insurance companies might see changes in their revenue streams
• Potential adjustments in risk assessment and pricing strategies

Consumer Concerns

The news of a possible increase in insurance premiums is likely to raise concerns among vehicle owners, who may face higher costs for maintaining their mandatory coverage. This could potentially impact vehicle ownership costs across various segments, from two-wheelers to commercial vehicles.

Awaiting Official Announcement

As of now, the details of the potential premium hike remain unclear, including:

• The extent of the increase
• Implementation timeline

Vehicle owners and industry observers will be keenly awaiting official announcements from regulatory authorities for more specific information.

The consideration of increasing motor third-party insurance premiums underscores the ongoing evolution of India's insurance landscape. As the situation develops, it will be crucial for vehicle owners to stay informed about any changes that may affect their insurance obligations and costs.