Star Health receives GST demand notice for Rs 170 crore, penalty of Rs 8.7 crore
Star Health and Allied Insurance Company Ltd on Thursday announced that it has received a tax demand order for Rs 170 crore, along with a penalty of Rs 8.7 crore on non-payment of GST liability on the re-insurance commission received by the company during the period April 2018 to March 2019.
“The company has received a demand order from the Office of the Deputy Commissioner (ST)-II, Large Taxpayers Unit, Chennai-35 under Section 73 of the Central Goods and Services Tax Act, 2017, February 14, 2024 alleging a total demand of Rs 170,67,13,561 and imposing penalty of Rs 8,67,25,664. The alleged demand and the impugned demand order pertains to non-payment of GST liability on the re-insurance commission received by the company during the period April 2018 to March 2019,” the company said in a regulatory filing.
