India Pursues Gaming, Insurance Firms Over Alleged Tax Evasion

Indian authorities sent a $208 million tax demand to a private insurer, the latest in a growing list of firms slapped with similar notices as the government intensifies its crackdown on alleged evasion.

ICICI Lombard General Insurance Co Ltd. received the notice for alleged non-payment of goods and services tax, it said in a stock exchange filing late Wednesday. Similar orders have been issued to several others, including major gaming companies, totaling more than 500 billion rupees ($6 billion).

The flurry of demands may potentially dent India’s attempts to lure investment away from China and improve the entrenched ...