Tax & Penalty15 Jul 2026, 03:59 pm
Niva Bupa Health Insurance Receives ₹22.12 Cr Refund Order
AI Summary
Niva Bupa Health Insurance Company Ltd has received a Refund Sanction Order from the Office of the Deputy Commissioner of State Tax, Mumbai, for ₹22.12 crores. This refund is related to the disallowance of input tax credit for the period July 2017 to September 2022, a matter previously disclosed as material tax litigation. The company states the matter has been resolved in its favor. This development follows earlier disclosures regarding pending litigation with the Directorate General of GST Intelligence.
Key Highlights
- Niva Bupa receives ₹22.12 Cr refund order.
- Refund pertains to input tax credit disallowance.
- Tax litigation matter resolved in company's favor.
- Order received from Deputy Commissioner of State Tax, Mumbai.
Price Impact
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