Tax & Penalty30 Oct 2026, 05:31 pm
Manipal Hospitals Subsidiary Receives GST Orders Worth ₹80 Cr
AI Summary
Manipal Health Enterprises Ltd announced that its subsidiary, Manipal Hospitals Eastern India Private Limited, has received orders from GST authorities. The orders, received on August 14, 2026, and September 11, 2026, pertain to demands of ₹4,22,95,004 (₹4.23 Crore) and ₹3,77,52,668 (₹3.78 Crore) respectively, along with penalties and interest. These orders are related to issues in input tax credit and outward supplies for FY 2019-20 and FY 2021-22. The company stated there is no material impact on its financial or operational activities and that it intends to appeal these orders.
Key Highlights
- Subsidiary received GST orders totaling ₹8.01 Crore plus penalties.
- Orders relate to input tax credit and outward supplies.
- Company confirms no material financial or operational impact.
- Manipal Health Enterprises plans to appeal the GST orders.
- Delay in intimation due to late receipt of documents.
Price Impact
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