The Life Insurance Corporation of India (LIC) is planning to approach the Goods and Services Tax (GST) Appellate Tribunal in response to an alleged excess GST payment of over Rs 290 crore. LIC contends that it made this additional payment due to incorrect GST demands raised by the tax department. The insurer aims to rectify the situation by seeking a refund through the tribunal. This dispute underscores the importance of accurate tax assessments in India and the recourse available to entities like LIC to resolve such matters. The tribunal’s decision will be critical in determining whether LIC can recover the excess amount paid.