StockWatch
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Hospital
Tax & Penalty29 Sept 2026, 06:30 pm

Artemis Medicare Faces ₹11.11 Cr GST Show Cause Notice

AI Summary

Artemis Medicare Services Ltd has received a Show Cause Notice dated September 28, 2026, from the Office of the Assistant Commissioner, CGST, Gurugram, for the financial year 2022-23. The notice alleges that the company charged GST on medicines, consumables, and implants supplied to in-patients and did not remit it to the government. The potential financial implication is ₹11.11 Crore plus interest and penalty. The company is preparing to file a writ petition before the Hon'ble High Court of Punjab & Haryana, Chandigarh, to contest this notice and connect it with a previous writ where proceedings were stayed. This action follows a prior notice for an earlier period concerning the same matter.

Key Highlights

  • Received GST Show Cause Notice for FY 2022-23.
  • Allegation involves non-remittance of GST on patient supplies.
  • Potential financial implication of ₹11.11 Cr plus interest/penalty.
  • Company to file writ petition seeking stay, similar to previous case.