Aster DM Healthcare Limited has informed the Exchange about Action(s) taken or orders passed
ASTERDM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aster DM Healthcare received an order from the Assistant Commissioner of GST, Kochi Commissionerate, alleging non-payment of GST on insurance processing fees for FY 2019-20 to 2023-24. The tax demand is Rs. 36.45 lakhs and an equal amount of penalty has been levied, taking the total demand to about Rs. 72.9 lakhs. The order was passed under Section 74 of the Central GST Act, 2017. The company has stated that this will not have a material impact on its financials or operations. It plans to appeal the order and pursue available legal remedies under GST law.
The demand is small (less than Rs. 1 crore) and the company has confirmed no material financial or operational impact. Shareholders are unlikely to see any meaningful effect on the stock, though the appeal outcome will be worth tracking.