GST Rectification Process: How LIC Significantly Reduced a ₹294.43 Crore Demand to ₹46.75 Crore
GST Rectification Process: The GST Rectification process is a pivotal mechanism for businesses to address inaccuracies and disputes in their tax assessments. A recent case involving the Life Insurance Corporation of India (LIC) demonstrates the substantial relief that can be achieved through this process. LIC successfully reduced a substantial GST demand of ₹294.43 crore to … Read more