Narayana Hrudayalaya Faces ₹53.15 Lakh GST Penalty

Narayana Hrudayalaya Ltd has received an Order-in-Original from the Assistant Commissioner of Central Tax, Bengaluru, imposing a GST demand of ₹53,15,150/- along with applicable interest and penalty. The demand pertains to GST on corporate guarantees provided by the company to its subsidiaries for the period April 2021 to October 2023. The company states there is no material impact on its financials or operations and intends to appeal the order. The delay in disclosure was attributed to an inadvertent internal communication gap.