Star Health and Allied Insurance Company Limited has received 25 tax demand orders from the Goods and Services Tax (GST) authorities in several states, totaling Rs 49 crore, including penalties. The demands were issued to the company’s zonal offices in Haryana, Delhi, Maharashtra, Tamil Nadu, Telangana, and Karnataka. The alleged violations include non-payment of GST on certain transactions related to coinsurance, non-disclosure of transactions in statutory returns, and failure to issue invoices for services provided.
The tax demand orders are worth Rs 4.9 crore in Haryana, Rs 4.7 crore in Delhi, and Rs 19.4 crore in Maharashtra. The company’s Tamil Nadu office has received five orders totaling Rs 16.2 crore, while its Telangana office has received five orders worth Rs 3.8 crore. The Karnataka office has received a single order demanding Rs 12.8 lakh.
The company has stated that it will file an appeal or writ petition to challenge these tax demands, citing legal counsel’s advice. The company will take appropriate legal steps to address the matter. Meanwhile, the company has expanded its Home Health Care services to 100 locations across India, covering 85% of its customers, providing cashless medical care at their doorstep.