Star Health and Allied Insurance Co Ltd has received 25 tax demand orders across its zonal offices in Haryana, Delhi, Maharashtra, Tamil Nadu, Telangana and Karnataka, the company disclosed on Saturday. The orders, issued by various Goods & Services Tax (GST) and Central Excise authorities, amount to a total demand of approximately Rs 49 crore, including penalties.
According to the exchange filing, the tax demands pertain to alleged violations, including non-payment of GST on coinsurance transactions as a follower, non-disclosure of such transactions in statutory returns and failure to issue invoices for coinsurance services.
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The company’s Haryana office received five tax demand orders amounting to Rs 4.9 crore from the Office of the Additional Commissioner of GST & Central Excise, Gurgaon (North) Ward. Meanwhile, its Delhi office was issued four orders worth Rs 4.7 crore from GST authorities in Delhi South.
In Maharashtra, Star Health’s Mumbai and Andheri East offices received five tax orders totaling Rs 19.4 crore, the highest among all states. Similarly, in Tamil Nadu, five tax demand orders worth Rs 16.2 crore were issued by Chennai-North GST authorities.
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The company’s Telangana office in Secunderabad was served five orders amounting to Rs 3.8 crore, while its Karnataka office received a single tax order worth Rs 12.8 lakh from Bengaluru West GST authorities.
Star Health has stated that it will challenge the tax demands by filing an appeal or a writ petition with the appropriate authorities based on legal counsel’s advice.
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