Legal3 Mar 2026, 04:52 pm
Medi Assist Healthcare Services Subsidiary Settles Tax Dispute for INR 4.83 Crores
AI Summary
Medi Assist Healthcare Services Ltd. announced that its wholly-owned subsidiary, Medi Assist Insurance TPA Private Limited, has paid INR 4.83 Crores to the Department of Goods and Services Tax, Maharashtra. This payment was made to settle a tax dispute arising from a supplier's non-compliance in remitting applicable taxes, and to avoid any penalty or additional interest charges. The business operations of Medi Assist TPA continue as usual.
Key Highlights
- Medi Assist Insurance TPA Private Limited pays INR 4.83 Crores to settle a tax dispute.
- The dispute arose from a supplier's non-compliance in remitting applicable taxes.
- The payment was made to avoid any penalty or additional interest charges.
- Medi Assist TPA's business operations continue as usual.
- The dispute was resolved without any material impact on Medi Assist Healthcare Services' financials, operations, or other activities.