Go Digit Gets Relief in ₹170 Crore GST Dispute as Bombay High Court Orders Fresh Review

1. Case Overview

Go Digit General Insurance was involved in a ₹170.28 crore GST dispute.

The case was related to the Input Tax Credit (ITC) claims for the period July 2017 to March 2022.

The Chennai South Commissionerate of GST and Central Excise had raised:

₹154.80 crore as tax liability

₹15.48 crore as penalty

2. High Court Intervention

The Bombay High Court cancelled the previous GST demand.

It ordered the adjudicating authority to review the case again.

The review must be based on:

Circulars and guidelines issued by the GST Council

Fair industry-wide treatment

3. Fresh Review Timeline

The court has directed that the case must be reassessed and concluded within 3 months.

The company is currently taking legal advice on the impact of the order.

4. Statement from Go Digit

Go Digit stated the issue is not company-specific but affects the entire insurance industry.

Clarified:

There are no financial losses or penalties as of now.

No restrictions have been imposed by the court or tax department.

5. Brief on Financial Position

Despite the ongoing tax case, Go Digit reported strong growth in profit and business during the quarter ending March 2025.

This shows the company’s stable financial performance and positive business momentum.

6. About Go Digit Insurance

Go Digit is an insurtech company that combines technology with insurance services.

The company went public in May 2024.

Its shares are listed on BSE and NSE under the symbol GODIGIT.

The company had disclosed this GST dispute in its IPO documents.