Tax & Penalty29 Sept 2026, 08:00 pm
Artemis Medicare Services receives ₹11.11 Cr CGST 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 MRP including GST from in-patients for medicines, consumables, and implants but did not remit the GST to the government. The potential financial implication is ₹11.11 Crore, along with interest and penalty. The company plans to file a writ petition before the Hon’ble High Court of Punjab & Haryana, Chandigarh, to challenge this notice and connect it with a previous similar writ where a stay was granted.
Key Highlights
- Artemis received a CGST Show Cause Notice for FY22-23.
- Allegation: Not remitting GST charged on in-patient supplies.
- Potential financial impact is ₹11.11 Crore plus interest and penalty.
- Company will challenge the notice via a High Court writ petition.
- Similar previous notice was stayed by the High Court.
Price Impact
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