Tax probes against insurers may go on despite IRDAI's new commission norms
While the GST authority is probing them for fake input tax credit, the tax department is investigating them for alleged tax evasion by violating norms set by the Insurance Regulatory and Development Authority of India (IRDAI). Sources say both departments are probing transactions over ₹60,000 crore with GST evasion suspected to be upward of ₹5,500 crore.
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