GST Department Conducts Raid On PB Fintech’s Subsidiary

GST Department Conducts Raid On PB Fintech’s Subsidiary

SUMMARY

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. 

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.