Bengaluru, June 27 -- India's largest non-life insurer is known for its extensive coverage and market leadership. But why this major player recently received a substantial GST notice demanding Rs 2,298 crore. We will be delving into the reasons behind the claim and the potential implications for the company.

The New India Assurance Limited's stock, with a market capitalisation of Rs. 30,524 crores, fell to Rs. 185.63, hitting the low of up to 0.7 percent from its previous closing price of Rs. 184.30. Furthermore, the stock over the past year has given a negative return of 20.3 percent.

Why this GST Notice New India Assurance has received a notice from tax authorities asking to show cause as to why the company should not pay the alleged ...