Star Health get Rs 49 crore GST demand notices
New Delhi: Star Health and Allied Insurance Company Limited has received 25 tax demand notices from the Goods and Services Tax (GST) authorities across several states, totalling Rs 49 crore, including penalties. These notices were issued to the company’s zonal offices in Haryana, Delhi, Maharashtra, Tamil Nadu, Telangana, and Karnataka.
The tax notices have been issued to the company’s zonal offices in Haryana, Delhi, Maharashtra, Tamil Nadu, Telangana, and Karnataka.
Authorities have alleged that the company failed to pay GST on certain transactions related to coinsurance.
The violations also include non-disclosure of these transactions in statutory filings and the failure to issue invoices for such services.
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“The alleged violations include non-payment of GST on the transactions of coinsurance as follower; non-disclosure of coinsurance as follower transactions in the statutory returns filed from time to time; non-issuance of invoices for coinsurance as follower services,” according to an exchange filing, news agency IANS reported.
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