PB Fintech said the GST department raided one of its subsidiaries on Sunday but did not mention if the action was taken against Policybazaar or Paisabazaar
The insurtech major said the the DGGI Gurugram conducted a search and enquired about some of its vendors
In 2023, the DGGI had sent notices to scores of insurance players, including Policybazaar, Go Digit, among others, for alleged GST evasion to the tune of INR 2,250 Cr
The Goods and Services Tax (GST) department conducted a raid on a wholly-owned subsidiary of insurtech major PB Fintech on Sunday (December 13).
In an exchange filing, the company said the Gurugram zonal unit of the Directorate General of GST Intelligence (DGGI) conducted a search and inquiry in connection with some of the vendors of one of its subsidiaries.